Ex NATO Chief Jens Stoltenberg Returns to Government as Norway's Finance Minister

Former NATO chief Jens Stoltenberg returning to government in Norway as finance minister - Says engagement with U.S. is key.

Former NATO chief Jens Stoltenberg has been appointed as Norway’s new finance minister, taking on the role amid rising global trade tensions. Stoltenberg, who previously served as Norway's prime minister and led NATO for a decade, emphasized that engagement with the U.S. administration is crucial to avoiding tariffs and navigating the potential risks of a transatlantic trade war.

Speaking to reporters on his first day as finance minister, Stoltenberg highlighted the importance of direct communication with Washington, drawing from his successful experience with NATO during former President Donald Trump's tenure. "My main advice is that one must spend time engaging with the Americans, travel to Washington, and speak with the administration," Stoltenberg stated, stressing the need to avoid tariff impositions on Norway.

Stoltenberg's return to government comes at a pivotal time as Norway braces for potential economic challenges, particularly with the threat of tariffs impacting its major exports, including oil, gas, and fish. His pragmatic centrist approach and popularity, bolstered by his diplomatic successes with Trump, may offer the Labour Party a much-needed boost in the lead-up to the September parliamentary elections.

As an economist with prior experience as finance minister in the 1990s, Stoltenberg brings a wealth of expertise to his new position. Known for his strategic financial policies, including the establishment of the "spending rule" for the sovereign wealth fund, Stoltenberg’s return signals stability for Norway’s economy amidst global uncertainties.