Tariff crisis Trump's tariff policy

Greer: Tariffs will remain – whatever the court decides

Donald Trump's tariffs will remain regardless of whether a US court invalidates them or not. This is what US Trade Representative Jamieson Greer told Bloomberg TV.

According to Greer, US trading partners have realized what powerful leverage the president has.

- That's why they enter into these agreements, and they will stand regardless of what happens in the legal process, he tells Bloomberg.

The majority of the members of the appeals court that will decide the issue have expressed skepticism about whether Trump can really bypass Congress on the tariff issue with reference to the national security law IEEPA, the news agency writes. 

Great uncertainty about Trump's tariffs – Swedish companies grope in the dark

There is great uncertainty among Swedish companies after the new announcements from the US about import tariffs. The customs agreement with the EU, which was to entail 15 percent tariffs from August 1, has been delayed by a week, according to information from the Trump administration – but nothing is certain, writes TT.

– We are just guessing, says Michael Koch at the Swedish Chamber of Commerce, which handles the special customs hotline.

He urges companies to check specific goods on the lists of the US customs authorities. On Friday, the Swedish Chamber of Commerce will assess that the EU is also covered by the respite, with a new planned start on August 7. At the same time, it cannot be ruled out that the tariffs will apply as early as today, Koch emphasizes.

Swedish economist on Trump's tariff announcement: "Is a nightmare"

The day for Donald Trump's tariff deadline has come and with it general tariffs on goods for the EU and 68 other countries. For TT, SEB's senior economist Robert Bergqvist describes the announcement as a jumble of tariff rates, breaks and exceptions that are difficult to keep up with. At the same time, it is a blackmail situation against the outside world, which will cost.

- It is a nightmare for internationally active companies and everyone will have to pay when global trade is challenged, he says.

For Sweden, the increased unpredictability may mean that export companies will have to cut back.

- Everyone is a loser. This is permanent damage to the world economy.

Bergqvist points out, however, that Trump may take a step back if the effects of the tariffs become too negative.

The tariff crisis  Voices about the tariffs
Experts: Trump plays poker - only works once

Donald Trump is not an inept negotiator and many analysts believe that the EU was humiliated. This is what Erik Wetter, who teaches negotiations at the Stockholm School of Economics, tells SvD Näringsliv.

But he does not believe that it is about game theory but that the president is a poker player who practices the art of domination.

“Trump seems to be following Putin, who likes to humiliate governors on live broadcasts and shock people,” Wetter tells the newspaper.

SBB CEO Leiv Synnes notes that Trump uses so-called anchor bids, “a psychological thing” that makes a final level of 10 percent feel like a win compared to the starting bid of 50 percent.

Irene Wennemo, Director General of the Swedish Mediation Institute, believes that countries will adapt so that they are not fooled in the future and says that Trump’s tactics only “work once.”