STOCKHOLM — Europe should pursue a zero-tariff agreement with the United States, Finnish Foreign Minister Elina Valtonen said on Tuesday, aligning with the European Commission’s position as trade talks with Washington continue.
Speaking at a joint press conference alongside Sweden’s foreign minister, Valtonen warned against the dangers of escalating global trade tensions. “A full-scale trade war is the fastest route to triggering a global recession,” she cautioned. “However, the European Union must respond to the proposals from the U.S.”
Her comments follow remarks from White House trade adviser Peter Navarro, who on Monday urged the EU to cut non-tariff barriers — such as value-added taxes — if it hopes to secure reduced U.S. tariffs recently imposed by President Donald Trump.
Sweden and Finland, both NATO’s newest members after Russia’s invasion of Ukraine, have not only strengthened their defense cooperation but have also become leading supporters of Ukraine. Sweden, in particular, announced its largest military aid package yet for Ukraine last week.
Swedish Foreign Minister Maria Malmer Stenergard emphasized the link between economic growth and defense readiness. “Stronger economic growth enables greater investment in defense and aid to Ukraine,” she said. “If higher tariffs slow down our economies or lead to a downturn, there will simply be less funding available for these essential priorities.”