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.

OSLO, Norway (AP) — Former NATO Secretary-General Jens Stoltenberg said Tuesday that he is returning to government in his native Norway as finance minister.

NATO's former Secretary General Jens Stoltenberg is set to become Norway's next finance minister on Tuesday, the country's finance ministry confirmed to CNBC.