Trump tariffs will not cripple Iceland's export sectors

Jón Bjarki Bentsson, Chief Economist at Íslandsbanki, says that the new tariffs announced by the US President on Wednesday and imposed on Icelandic goods will not cripple Icelandic exports. The new tariffs are not good news, but the situation could certainly be worse.

"This is naturally just another reason to be happy about not joining the European Union," says Sigmundur Davíð Gunnlaugsson, chairman of the Centre Party, in an interview with mbl.is about US President Donald Trump's tariff increases, which are now hitting Europe with full force, as the president-elect has announced in speeches and writings since January.