Sweden's Strategic Abstention Amid EU-China Trade Tensions

Sweden's foreign trade minister announced their abstention from the EU vote on tariffs against Chinese electric vehicles. The decision follows positive discussions with the Commission, aiming for tailored solutions for the auto industry including Volvo Cars. The move highlights Sweden's preference for cooperative EU-China negotiations.

Sweden has opted to abstain from the European Union's upcoming vote on imposing tariffs on Chinese electric vehicles, according to the country's foreign trade minister.

Benjamin Dousa revealed that Sweden's decision was influenced by recent positive dialogues with the Commission, who are considering individualized solutions for the auto sector, notably Volvo Cars.

The abstention reflects Sweden's hope for collaborative problem-solving between China and the EU, while other EU nations favor pushing the tariffs forward.

(With inputs from agencies.)