“We are ready to retaliate. Our preferred option is of course to
negotiate a deal. We don’t want growing trade barriers. We don’t want a
trade war.
If this fails, the EU stands ready with countermeasures. And we are big trading power globally.
But our goal is not retaliation, but to lower tariffs and increase trade – with the US and with other countries. That is what made our populations more prosperous and the world safer.”
Pivoting to broader policy
challenges, he stressed that “the rules-based order that we have
operated within since the second world war is now on shaky ground.”
He
set his three priorities – increasing immediate support for Ukraine,
boosting military and defence, and increasing competitiveness –
rejecting dismissive comments about Europe’s future.
“Europe is certainly not perfect, but we do have agency over our own future,” he said.
He added:
“If EU manages to reform while others either are banned from global trade or isolate themselves from global trade – then Europe will be a winner.
The world needs and deserves a European renaissance. Sweden will do our part of it.”
France's Macron to meet with industries affected by US tariffs this afternoon
Over in France, president Emmanuel Macron will soon be meeting with representatives of sectors hit by US tariffs.
According
to media reports, the meeting – expected to start 4pm local time – will
bring together business leaders from aerospace industry, agriculture,
wine, chemicals, electronic and metallurgy, among others.
French prime minister François Bayrou will also be there, with numerous ministers.
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