@EvolLove Of course the US, at a government level, if it doesn’t like terms of trade resulting from FX fluctuations or anything else, can impose tariffs (which would render Swedish steel even more expensive to US users in this scenario). We are free to do these things! (WTO etc are only as strong as the support of its most powerful backers, including especially the US.) Some things we might do are wise. Some are unwise. /fin