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Investing.com -- Sweden’s Finance Minister Elisabeth Svantesson has called for the European Union to act swiftly and maintain a firm stance in its tariff negotiations with the United States, as the bloc attempts to resolve the uncertainty caused by prolonged trade discussions.
"I hope we’ll have deal as soon as possible," Svantesson said in an interview with Bloomberg Television on Thursday. "We have to be quite frank, quite quick now, to reach a deal because we have waited so long," she added.
The United States has established an August 1 deadline, after which it plans to impose 30% tariffs on European Union goods. This deadline has prompted EU leaders to work urgently toward securing a more favorable agreement before that date.
Svantesson emphasized that the European Union should consider all available options in the negotiations.
"We shouldn’t rule out any options, but we need to be tough," the finance minister stated.
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