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Sweden's economic growth will be hit by tariffs, finance minister says

Published by Global Banking & Finance Review

Posted on April 10, 2025

1 min read

· Last updated: April 10, 2025

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Sweden's Economic Growth Threatened by Trade Tariffs

HELSINKI (Reuters) - Sweden's economic growth will be negatively affected by the international conflict over trade tariffs, Finance Minister Elisabeth Svantesson said on Thursday.

"It's a given that the growth outlook must be revised down when the next forecast is presented," Svantesson told reporters after a meeting between government ministers, companies and labour unions.

U.S. President Donald Trump last week announced hefty tariffs on imports to the United States, but partly paused those measures on Wednesday amid intense market volatility.

(Reporting by Essi Lehto, editing by Terje Solsvik)

Key Takeaways

  • Sweden's growth forecast to be revised down due to tariffs.
  • Finance Minister Svantesson highlights trade conflict impact.
  • U.S. tariffs create market volatility.
  • Government, companies, and unions discuss economic outlook.
  • Tariff pause by U.S. amid market concerns.

Frequently Asked Questions

What is the main topic?
The impact of international trade tariffs on Sweden's economic growth.
How are tariffs affecting Sweden?
Tariffs are expected to negatively impact Sweden's economic growth, leading to a revised forecast.
Who commented on the economic impact?
Sweden's Finance Minister, Elisabeth Svantesson, commented on the impact.

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