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00:00On the question of trade, we've been talking, of course, there's this looming deadline about, you know, two weeks away. Now. What are you expecting to get? Do you think that the Europeans will get a deal with with the United States and Norway specifically, which is not part of the European Union? What kind of progress have you made? And speaking with the Trump administration, we are very close contact both with the European Union and we are part of the internal market, but also with the United States and with the President Trump this spring together with Norwegian Prime Minister. And we are in constant contact with different members of the U.S. administration on these issues. I think no one can tell with certainty what will be the outcome, but it is possible to have an agreement and that has been clearly stated from the United States when it comes to to to and and the European Union, when it comes to the talks between the European Union and the United States. Norway has separate talks with the United States, and we have which is a good tone. We are addressing some some real issues. And again, it's too early to conclude, but the ambition is to prevent increases in the tariffs. And if and if we approach that August the first deadline without a deal materializing for the EU, for Norway, there's been a lot of conversation about potentially a coalition potentially of working in order to get a better deal with the United States. We're talking about the EU working more closely potentially with Japan, with Canada. Is that an approach you think that would be appropriate if there is not any progress made on these trade deals? Well, I believe in free trade. I believe in open markets, in open economies. I believe that's good for all of us. And it has proven very good for the United States over decades and proven good for for Europe, for emerging economies like we see, for instance, in Africa. So that's the reason why we continue to work for a solution that can prevent increase tariffs. If it doesn't happen, well, then we will see more trade with other countries than the United States because tariff tariffs will reduce trade. But we will continue to trade with each other. I saw some estimates that the US accounts for roughly 10% of global trade and of course then 90% of the world economy has to trade more with each other.

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Trade Talks With US, Norway a 'Good Tone': Stoltenberg

Norway Finance Minister and former NATO Secretary Jens Stoltenberg discusses Europe's trade negotiations with the US and Norways separate talks on trade. He speaks with Bloomberg’s Oliver Crook. (Source: Bloomberg)

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