Sweden Faces US Tariff Threat Amid Greenland Sovereignty Dispute

The United States, under President Donald Trump, has threatened to impose tariffs on Sweden and seven other European countries including Denmark, citing opposition to the US plan to acquire Greenland. This move has raised significant concern about the potential economic repercussions for Sweden, as the US is a critical trading partner.

According to Sweden's public broadcaster, the US ranks as Sweden's third largest export market, accounting for roughly 10% of Swedish goods exports. Key sectors at risk include automotive, technology, and steel industries. Experts warn that a potential 10 percentage point increase in tariffs could substantially affect Swedish exports, highlighting the fragility of international trade relations amid geopolitical tensions.

Swedish Prime Minister Ulf Kristersson has responded firmly to the US threats, stressing the importance of sovereignty. He stated, "We will not be blackmailed. Only Denmark and Greenland decide on matters concerning Denmark and Greenland." Kristersson emphasized Sweden's commitment to standing up for itself and its neighboring allies, asserting a resolute stance against external pressure.

The tariff threats come as part of a broader geopolitical dispute following Trump's attempts to secure Greenland for the US, which has been met with resistance from affected European nations. The situation underscores rising tensions between the US and Europe over territorial and trade issues, directly impacting Sweden's economy and its political stance on sovereignty and alliance solidarity.

As this development unfolds, Sweden continues to evaluate the economic impact while reinforcing its diplomatic positions. The coming weeks will be pivotal in determining whether these tariff threats materialize and how they might reshape Sweden's trade relationship with the US and its regional partnerships.