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Sweden Today

Swedish news in English

Thursday, October 24, 2024

U.S. Election's Impact on Swedish Firms

Published: 2024-07-29

The outcome of the upcoming U.

S. presidential election could significantly impact Swedish companies, according to various economists and business leaders.

Donald Trump, who is favored to win, has promised tax cuts and higher tariffs, which may drive inflation and affect interest rates.

High tariffs could particularly hurt Swedish export firms, as noted by SAAB's CEO Micael Johansson.

Meanwhile, the Republican Party aims to protect American industry and workers, but the economic policies they propose may not align with these goals.

Analysts are also questioning how a weaker dollar under a Trump administration would affect the economy, suggesting that the implications for Sweden could be complex and challenging.