by Mike ‘Mish’ Shedlock
Mish Talk
No one wins trade wars. And it makes no sense to try. At long last someone has figured that out, most likely because a trade collapse has already started.
Please consider Sweden Holds Out Olive Branch to Brexit Britain.
Sweden has warned that it would be a serious mistake to chastise Britain for voting to leave the EU, appealing instead for an amicable settlement to minimise damage for both sides.
“The softer the Brexit, the better. We’re an open country and we are in favour of free trade, and we want to see a solution that is as beneficial as possible for everybody,” said Magdalena Andersson, the Swedish finance minister.
The olive branch from Stockholm reflects the shared view of the Nordic bloc that there is nothing to be gained from a fractious divorce between Britain and the EU.