On Friday afternoon, the US Supreme Court invalidated the trade tariffs that Donald Trump announced earlier this spring. He believed that there was a national emergency in the country at the time and that a 1977 law would therefore give him the ability to regulate trade himself without Congressional intervention.
Disappointed by the Supreme Court’s decision, Trump decided on Friday to impose a “global tariff” of 10 percent. He relies on Section 122 of the Trade Act of 1974, which gives a president the ability to impose temporary tariffs of up to 15 percent.
On Saturday, Trump went one step further and increased tariffs to a maximum of 15 percent.
Felicia SchoenPrivate economist at Avanza, believes we will see reactions on the Stockholm Stock Exchange on Monday, depending on whether there is further news over the weekend. However, she does not believe the reaction will be as strong as it was in April last year when the original tariffs were presented.
– The big difference from then is that we saw that there were many threats from Trump’s side that have since been withdrawn. As a result, the stock market reacted much more cautiously to statements than at the beginning of April, she says.
Just like the new tariffs It is difficult to say what impact this will have on Swedish private savers. What is clear, however, is that tariffs have no positive effect on listed companies because they hinder free trade, says Schön.
– As a personal saver, I would say that you should continue to stay informed and, as usual, not make any hasty changes to your savings.
Annika WinsthChief economist at Nordea says the tariffs bring great uncertainty. She believes they affect Swedish companies more than Swedish individuals. She adds that companies have already adapted to the customs situation in different ways.
– There are companies that have already decided to move away from the US because they consider it too expensive. Then there are companies that are there and preferred to invest in the US so as not to have a greater influence, says Winsth.
Read more:
Trump increases global tariffs to 15 percent
This is what happened in Trump’s tariff war
