US Tariffs on Imports from Sweden
Sweden Import Tariff Overview
Sweden now faces a 10% Section 122 tariff (effective Feb 24, 2026), down from 20% under the struck-down IEEPA regime. As a Nordic manufacturing powerhouse at ~$14B in annual US imports, the 10-point rate cut benefits vehicles (Volvo), telecommunications equipment (Ericsson 5G), pharmaceuticals (AstraZeneca), and furniture — though Section 232 steel/aluminum tariffs of 50% remain unchanged.
Sweden is a significant Nordic exporter to the US, known for advanced manufacturing, automotive (Volvo Cars and Volvo Trucks), telecommunications (Ericsson), furniture (IKEA), and pharmaceuticals (AstraZeneca). As an EU member, Sweden is subject to the bloc-wide Section 122 rate. Volvo Cars operates a major manufacturing facility in Ridgeville, South Carolina, producing vehicles domestically. Ericsson is one of only three companies globally capable of building 5G network infrastructure at scale.
Key Products Imported from Sweden
Top imports include vehicles (Volvo Cars, Volvo Trucks), machinery, pharmaceuticals, iron and steel products, telecommunications equipment (Ericsson 5G infrastructure), paper products, furniture, and ball bearings (SKF). Sweden punches above its weight in advanced manufacturing relative to its population.
Recent Changes
Feb 20, 2026: SCOTUS struck down IEEPA tariffs 6-3 — Sweden's rate dropped from 20% to 10% under Section 122 (effective Feb 24, expires ~July 24, 2026). Section 232 steel and aluminum tariffs of 50% remain on Swedish steel. Volvo Cars' Ridgeville, SC plant produces several models domestically, avoiding the tariff entirely on those vehicles. Ericsson's 5G equipment exports are now more competitive at 10% versus the old 20%. IKEA's global supply chain means country of origin varies by product — many items are not actually manufactured in Sweden. EU retaliatory measures remain in effect.
Tips for Importers
Volvo vehicles manufactured at the Ridgeville, South Carolina plant avoid the 10% Section 122 tariff entirely — verify whether your specific model is US-built versus imported from Sweden or China (Volvo is owned by Geely). Ericsson 5G infrastructure equipment should be classified under specific HTS codes — many telecommunications equipment categories carry 0% MFN duty, making the 10% Section 122 the only layer. AstraZeneca pharmaceuticals enter at 0% MFN. IKEA origin complexity is critical: despite Swedish branding, many IKEA products are manufactured in Poland, China, Vietnam, or other countries — check actual country of origin on each item, as tariff rates differ. Swedish steel faces 25% Section 232 on top of 10% Section 122. The Section 122 tariff expires ~July 24, 2026 — plan accordingly.
Rates by Product Sector
| Sector | Base Rate | Surcharge | Effective Rate | Notes |
|---|---|---|---|---|
| Electronics | 0% | — | Free | — |
| Clothing & Apparel | 16.5% | — | 16.5% | — |
| Automobiles & Parts | 2.5% | — | 2.5% | — |
| Steel & Aluminum | 0% | +50% | 50% | Section 232 50% (doubled June 2025) |
| Food & Agriculture | 5% | — | 5% | — |
| Machinery & Equipment | 2.5% | — | 2.5% | — |
| Pharmaceuticals | 0% | — | Free | 100% on patented pharma |
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