Sweden's Strategic Abstention on EU Tariffs

Sweden plans to abstain in an EU vote on implementing tariffs against Chinese electric vehicles. Sweden's foreign trade minister, Benjamin Dousa, indicated optimism for a special arrangement for Volvo Cars, as positive signals have been received from the European Commission.

In a significant move, Sweden will abstain from a pivotal European Union vote concerning new tariffs on Chinese electric vehicles. This was confirmed by Sweden's foreign trade minister, Benjamin Dousa, in a statement to Reuters on Friday.

Dousa, speaking ahead of the vote, expressed that Sweden has perceived favorable indications from the European Commission. These signals suggest the possibility of negotiating an individual tariff agreement specifically beneficial to Volvo Cars.

The decision to abstain reflects strategic considerations by Sweden, aiming to facilitate potential negotiations while navigating the complex dynamics of EU trade policies.

(With inputs from agencies.)