Economy

US-China relations
Sources: US plans to raise China tariffs ahead of summit

The US is considering a new 7.5 percent tariff on China, which is accused of overproduction of industrial goods, sources told Bloomberg.

The exact tariff level is said to have not yet been determined. In total, this would mean that US tariffs on China during Trump's second term would rise to around 20 percent, a level the regime has previously said is consistent with the countries' trade truce.

The Trump administration hopes to present the results of the previously announced investigation into China's alleged overproduction before the planned summit between the countries' presidents Donald Trump and Xi Jinping at the end of September, according to the sources.

US national debt
Economist on US national debt: "There is no plan"

US national debt reached a record last week and it does not look like Donald Trump is about to turn the tide, SEB's US economist Elisabet Kopelman tells TT.

– At some point this will not last. Then they will force more drastic cuts.

Expenditures are still greater than revenues for the state – despite the cuts that Trump and Elon Musk made within the state. Now the administration hopes that AI will increase growth so much that the importance of tax revenues decreases, says Kopelman.

Trump's business
Rotation in Trump's portfolio – decreases in Meta and increases in Visa

US President Donald Trump's stock portfolio decreased in Meta and Motorola, and bought more of Visa and Berkshire Hathaway, among others. This is reported by CNBC, which has reviewed the more than 1,000 transactions made in June.

The trades provide an insight into how Trump's money is managed – but there is no accounting of his total assets, the news site writes.

The White House says that Donald Trump is not involved in the management, but that it is done by external actors. Who manages the money has not been reported. Political opponents have criticized the lack of transparency and raised suspicions that many purchases are made in connection with major political decisions. 

Swedish growth
Analyst: Swedish exports nothing to be proud of

The bright picture of Swedish exports is exaggerated. This is according to Staffan Canbäck, founder of the consulting firm Tellusant, who is behind a new analysis, writes Affärsvärlden.

According to Canbäck, Swedish exports were fantastic between the 1960s and 1980s, but have not kept up with developments in the last 20 years.

– It is not terrible, as it seems, but nothing to be particularly proud of either, he tells the newspaper.

Over the past 25 years, the global economy has grown by around 3 percent per year, while Swedish exports have been 2.2 percent.

As trump cards for Swedish exports, Staffan Canbäck mentions the royal family, the Nobel Prize and ABBA. 

Jas crash in Hungary
Saab on Jas crash: Focus on finding out what happened

Saab still does not know what caused today's crash of a Jas Gripen plane in Hungary, but is cooperating with the country's authorities to investigate the incident.

- Now the focus is on finding out what happened, says the defense giant's press officer Mattias Rådström to Affärsvärlden.

Saab's share price turned from positive to negative after the news.

The pilot managed to eject, several media outlets report.