• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 4, 2025

    Featured image for article about Headlines

    By Gwladys Fouche

    OSLO (Reuters) - Former NATO chief Jens Stoltenberg, who became Norway's new finance minister on Tuesday, said engaging with the Trump administration on trade was key to avoiding tariffs as Europe braces for a potential transatlantic trade war.

    The appointment of the widely respected veteran politician and diplomat at a time of global trade tensions could give Norway's struggling Labour government a boost in opinion polls ahead of September's parliamentary elections.

    "My main advice is that one must spend time engaging with (the Americans), travel to (Washington) and speak with the administration, like we did with NATO," Stoltenberg told reporters as he took up his post in the finance ministry.

    "We are going to do everything we can to avoid tariffs being imposed on Norway."

    Stoltenberg was prime minister of Norway in 2000-2001 and 2005-2013. He headed the Western military alliance for a decade, including during U.S. President Donald Trump's first term, stepping down last year.

    At NATO, Stoltenberg was dubbed the "Trump-whisperer" for convincing Trump to stick with the alliance after the U.S. president complained during his first term that allies were spending too little on defence and threatened to pull out.

    Non-EU Norway, a country of 5.5 million with an export-oriented economy, fears it could be vulnerable to a transatlantictrade war should Trump go ahead with his threat to impose tariffs on European Union goods. Norway's main exports are oil, gas and fish.

    Norway's eurosceptic Centre Party quit the government on Thursday in a dispute over the adoption of European Union energy policies, leaving the centre-left Labour to rule alone.

    Labour has been lagging in polls ahead of the September vote. Stoltenberg was widely popular among Norwegians during his time at NATO and afterwards and could boost Labour's prospects.

    The 65-year-old is an economist by training and was finance minister in 1996-1997. He is widely seen as a pragmatist centrist.

    In 2022, Stoltenberg was due to become Norway's central bank chief but did not take up the role after then-U.S. President Joe Biden asked him to continue as NATO chief.

    During his first stint as PM, Stoltenberg set up the so-called spending rule, a self-imposed rule that says that Norwegian governments should not use more than 4% of the total value of the sovereign wealth fund for national budgets.

    That rule has since then been reduced to 3% as the fund has grown in value.

    (Reporting by Gwladys Fouche, editing by Terje Solsvik and Ros Russell)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe