Svantesson: EU Customs Response should damage US Economy

Svantesson was in Washington last week to participate in IMF’s and World Bank’s spring meetings. There she also met US Finance Minister Scott Bessent, who according to her maintains that the US and Europe trade balance is « unfair » and that customs are necessary.

That the United States would abolish Therefore, the increased customs customs emphasize Svantesson as unlikely. At the same time, she sees a brightening in the customs war:

– We were still relieved when it was a break, but it should be remembered that ten percent remain. But the break is still a sign that they want to negotiate. It’s the lighting.

On April 10 paused Donald Trump his penalties and retained only the so -called bass tills at ten percent, which he previously announced against all countries of the world. The EU responded by putting its response to the United States on break for three months.

According to Svantesson, negotiations between the EU and the United States are moving forward.

– It doesn’t happen in a hurry. They are well thought out and precise. It is a strength that the European Commission handles the negotiation for all 27 member states. The EU market is larger than the American. It is a 90 day break so hopefully we agree before that period is over.

In response Svantesson that the EU should introduce tariffs that « can harm the US economy ».

– It is important to be as accurate and specific as possible where it is toughest for American companies and the American economy. I think that is the only thing that bites the president. Really want free trade, but when Trump creates this kind of war you can not only bend your head but you have to give receipts, she says.