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3 Jakobs torg
Stockholm, Stockholms län, 11152
Sweden

AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

Statement on Steel and Aluminum Tariffs

News

Statement on Steel and Aluminum Tariffs

Peter R. Dahlen

Following the U.S. government’s announcement on steel and aluminum tariffs, Peter Dahlen, Managing Director, American Chamber of Commerce in Sweden (AmCham Sweden), offered the following comments:

“We disagree with the U.S. government’s decision to impose tariffs on EU imports of steel and aluminum. We urge the U.S. government to revisit its plans and the EU to take a balanced approach in responding to these measures. We are very concerned by the damage a tit-for-tat dispute would cause to the transatlantic economy and its impact on jobs, investment and security across the Atlantic.

We believe that the EU meets all the criteria set out for a permanent exemption. The EU does not pose a national security threat to the U.S. and therefore should not be the target of such measures.

This move puts the global trading system at risk. We hope both parties can work together to reduce tensions immediately. The EU and the U.S. should cooperate to solve the core issue of global overcapacity. In addition, they should collaborate to address third countries’ unfair trading practices and to improve the functioning of the World Trade Organization (WTO).”

The transatlantic economy is the world’s largest market and supports 15 million jobs on both sides of the Atlantic. Aggregate U.S. investment in Europe totaled more than €2 trillion in 2017. For more numbers on the EU-U.S. economic relationship, please see The Transatlantic Economy 2018.

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