Sweden feels the heat of Trump tariffs – and there are more

Sweden’s economy and households are heating from the US trade fares, according to the Finance Minister of the Scandinavian country CNBC, even before the full force of the game begins.

“Our economy and state finance are very strong. Below we can cope with many.

“(US President Donald) Trump really plays a high share here and it is a game that does not win, and it costs me more for households,” he said.

Uncertainty around the US trade policy has left its mark in the Swedish and international financial markets. Sweden’s Central Bank, Riksbank, celebrated last week The US trade and security policy has caused sharply market movements during the spring and more uncertainty. “

Other symptoms have turned out that the threat of tariffs affects the broader Swedish economy. With government data Last week showing the economy last week, in March 3 months, 0.2% of the exports quarterly.

The Swedish Ministry of Finance has reconsidered 2025 and 2026 growth forecasts last month, This year 1.8% expansion forecasting and 2.3% next yearTariffs and uncertainty silence the country’s growth prospects.

“The tariffs will end, but the uncertainty and unpredictability are our economy,” he said.

Nation actively encouraged retail sale in capital markets for decadesallows citizens to invest in investment in stock and investment funds and make practitioner to make it more common than in other European countries such as Britain

Protecting the distribution and demographics of protectors in Sweden, Financial Guard Fansinspektionen was recorded in March The protectors in young and old ends of the spectrum tend to put their money on savings accounts. For the middle-aged Swedes, a larger part of new deposits, in stock and investment funds, which are sustained by pension schemes and steady income.

Swedish Households Liquid financial deposits – other deposits of bank accounts, funds, shares or other deposits – 268 billion dollars in Sweden kronic ($ 27.8 billion), $ 27.8 billion in Swedish Kron ($ 27.3 billion), assets of Sweden ($ 14.3 billion), Sweden’s Statistics Agency said in MarchLast year, these foundations were around 1,000 Swedish crosses around 1,000 in these funds.

At the end of the first quarter of 2025, the total fund assets in Sweden investment funds were 7.75 trillion Swedish Kronor, According to the latest information of the Swedish statistical body.

“Eight of all-ten Swedes retain in the funds, if there are mandatory premium pension deposits, we are all stock savers,” Forehleaning Funds) – as a savings format, called on the website to describe the country “World leader in the savings of the Foundation“

In April in April, Trump proved the source of extensive trading partners, friends and enemies, friends and economic uncertainty, and according to the CNBC of a association.

“The Swedish Foundation’s apostles shortly and have a long investment for low decline and a long investment horizontal,” Förening, General Analyst Förening in Foreignment, Tuesday.

“He said in our statistics in the beginning of this year, active stock protectors sold US funds and received European and Swedish funds,” he said.

Morten Lund, Scandinavian Chief Economist JPMorgan’s CNBC’s Trump tariffs “has a very clear effect on living feelings” and this could be more economic.

“Thus, the domestic confidence in the United States has moved around the US elections in the highest level in developed markets.

Low domestic confidence, Lund, Lund has been judging the latest growth information, he said.

“We think we think it will be a shot. We have received the first quarter of the first quarter, and it was rejected, and this was an open frustration and we must see a very weak number here in the current quarter,” he said.

Sweden is an export-dependent country: Exports in 2024, the national general product (GDP) was 55%. According to the country’s central bankThe wider economy is sensitive to EU to the tariffs applied by President Trump.

Tariffs about movement – and other trade partners – were forecasted that Trump has denied that the United States has denied the EU and continued trade deficiency as unfair trade experience.

Trump first applied 20% task The EU’s sweep was announced in early April at the beginning of the “mutual tariffs” to cut the degree Due to 90 days in 90 days, the time to discuss new trading conditions on both sides within 90 days.

The EU and the United States are locked in negotiations to try to reach the trade agreement, but Trump, in late May, said that the goods from blocked to stop the negotiations are recommended a 50% fee.

European Commission President Ursula Von Der Leien Managed to convince the President to talk more time However, as they stop, the EU agreement with Washington until July 9.

Sweden’s largest exports to the United States are autos, machinery, pharmaceuticals, paper products and iron, steel – Now subject to 50% of the United States to import tariffs – And iron ore. The majority of Sweden goes to other Nordic or European countries, but the United States is the third largest exporter country, Riksbank notes.

“Of course, we are more dependent on exports,” Swedish Finance Minister said CNBC’s “early European edition”.

“These uncertainty are waiting for companies, investments, because they do not know what will happen. Will the tariff be 10 or 20% or anything else?” asked.