Norway’s finance minister warns of trade war 'triple squeeze'

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Norway’s finance minister warns of trade war 'triple squeeze'

A trade war and potential global economic downturn could see Norway hit by a triple squeeze, finance minister and former NATO chief Jens Stoltenberg said at the Munich Security Conference.

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– Norway could be hit by a triple whammy. First, we could be hit by tariff walls in the US, which affect companies that sell goods from Norway to the US. Then we could be hit if the EU implements countermeasures and comes outside of them. Then we fall between two chairs, says Finance Minister Jens Stoltenberg (Labour Party) to the press at the security conference in Munich on Sunday. – Third, Norway could be hit by a comprehensive trade war that…

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Stoltenberg advarer: Frykter trippel tollskvis for Norge

Norge må være forberedt på tollmurer, advarer Jens Stoltenberg. Ett scenario kan bli «virkelig alvorlig».