Thursday, October 21, 2021

Sweden’s PM Warns US-EU Trade to Be ‘Very Similar’ to Trump Administration’s

A report in EUROSAT.COM Tuesday said Sweden’s Prime Minister Stefan Lofven fears that Joe Biden’s trade policy toward the European Union might be very similar to that of President Trump.

“The American President is not always happy with the agreements he has concluded,” Lofven told EUROSAT.COM during a sit-down interview. “He wants them to be more fair and not cheap and that’s the opposite of the relationship I had with President Obama.

“We have been the ones who welcomed US investment into Europe,” Lofven added. “And it would be very interesting if we could establish something as a bilateral.”

Trump signed an executive order on Friday asking his administration to study steep tariffs against “unfair” trade partners who he argues are not following the free-trade rules set by the North American Free Trade Agreement and the General Agreement on Tariffs and Trade.

Like Obama, Biden has been vocal about his love for free trade. In August he told Fox News host Megyn Kelly that trade was the main reason for the most favorable climate in North America since NAFTA was signed in 1994.

“I like free trade and I believe it contributes to economic growth,” Biden said. “So if we can get in a position with our neighbors to the south that is very similar to what we have with the Canadians, I think we’re going to be in pretty good shape.”

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