Stockholm – Just hours before the deadline, it was announced that Donald Trump’s new tariffs have been postponed until next week.
“This is definitely not a positive development. It is a tragic move towards heightened unpredictability,” states Swedish senior economist Robert Bergqvist from the bank SEB.
Trump’s new directive includes broad tariffs on goods from the EU and 68 other countries.
Robert Bergqvist characterizes the announcement as a confusing mix of tariffs, delays, and exceptions that are challenging to track. Moreover, it creates a coercive atmosphere toward the global market, resulting in costs.
“It poses a nightmare for companies operating internationally, and everyone will incur costs when global trade faces challenges,” he remarks.
“Many view this as an initial step away from total uncertainty. While things might become somewhat clearer, I believe uncertainty will still linger,” notes Robert Bergqvist.
“Everyone stands to lose. This inflicts lasting harm on the global economy.”
The U.S. tariffs against the EU are now scheduled to take effect on August 7. However, many details regarding the tariff agreement remain unclear, and according to the EU Commission, negotiations between the EU and the U.S. will continue.
(August 1)
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