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Exports on the Increase Yet Worries Loom Warns Minister

News

Exports on the Increase Yet Worries Loom Warns Minister

Caroline Probst

The value of Swedish export increased more than 10% in 2018 compared to the year before, writes DN. In particular oil products, cars and paper had the biggest increases over the year. Minister for Foreign Trade Ann Linde (S) is happy about the numbers but expresses worry over the impact Brexit, a US-China trade war and American tariffs on automobiles may have on Swedish exports. A 25% tariff rate on cars could lead to the loss of 3000 to 4000 jobs according to a government report. At the same time the UK is one of Sweden’s most important trading partners. Despite the the insecurity in global politics, Linde still hopes Swedish exports can continue to grow and points out how export-dependent Sweden is.

Source: Mundus Weekly

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