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.

General Jens Stoltenberg has returned to government in his native Norway as finance minister, months before a national election.

Former NATO head Jens Stoltenberg said he will temporarily leave his position as chair of the Munich Security Conference because he has accepted a position as Norway's 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.

Former NATO Secretary General Jens Stoltenberg became Norway's new finance minister on Tuesday as part of a cabinet reshuffle, taking up the post as the Nordic country eyes the impact of a potential transatlantic trade war.

Former NATO secretary general Jens Stoltenberg is to become Norway's new finance minister, he announced in a written statement issued on Tuesday. "Having carefully considered the current challenges we face,