Norway gets temporary reprieve from US tariff hikes
Norway didn't receive such a notification letter.
"There will be no further increase in tariff rates before this deadline," Norwegian Minister of Trade and Industry Cecilie Myrseth said.
"We are addressing this and will continue our discussions with the US on trade and stronger economic cooperation."
READ ALSO:
How to avoid Trump's tariff turmoil hitting your Norwegian savings
Even in the event of tariff increases, Norway may not reciprocate. Myrseth
said in March
, before the tariffs were announced, that introducing tariffs (
toll
in Norwegian) and counter-tariffs against the US wouldn't benefit the country.
'The government's starting point is that Norway would not benefit from escalating a trade conflict, for example, by responding with tariff increases on American goods,' she said to parliament on Monday.
READ ALSO:
How a trade war could affect consumers in Norway
'Our message to the US is that increased trade barriers are not in anyone's interest in the long run, and that the global economy will lose from a comprehensive trade conflict,' she added.
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In April 2025, Trump announced a 15 percent tariff on goods imported from Norway to the US.
The EU has also said it could retaliate by introducing its own tariffs. Tariffs on Norwegian goods could have a greater impact for the country as the
EU is
Norway's biggest trading partner
, receiving 66.1 percent of the country's total exports.
Although Norway is tied to the EU through the EEA agreement, it's not a member of the customs union, so would not be exempt from tariffs.
READ ALSO:
What are the US tariffs on Norway, and how could they affect you?
Minister of Finance Jens Stoltenberg has warned numerous times that Norway could face a 'triple whammy' of being hit by US and EU tariffs and then rocked by a downturn in the global economy.
In 2024, the total goods traded between the US and Norway stood at an estimated $11.2 billion, according to the
Office of the United States Trade Representative
. The US had a trade deficit with Norway in 2024 as the value of Norwegian goods exported to the US was up 7.7 percent at $6.6 billion, exceeding Norwegian imports from the US by £2 billion.
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