World

Sweden sees US tariff announcement as start of negotiations

The Nordic country aims to ultimately get as low tariffs as possible

Swedish Prime Minister Ulf Kristersson announces an increase in defence spending with 300 billion kronor ($30 billion) over the next decade, during a press conference in Stockholm, Sweden, Mar 26, 2025.Jessica Gow/TT News Agency/via REUTERS

Reuters

Published : 03 Apr 2025, 08:15 PM

Updated : 03 Apr 2025, 08:15 PM

Sweden sees the US announcement of tariffs as the start of negotiations, in which the Nordic country aims to ultimately get as low tariffs as possible, Prime Minister Ulf Kristersson said on Thursday.

US President Donald Trump on Wednesday stoked a global trade war by imposing sweeping tariffs on imports from allies and rivals alike, prompting the European Union to threaten the USwith countermeasures unless a solution is found.

"Yesterday's announcement is probably more damaging than many expected," Kristersson told reporters at a press conference.