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.

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

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.

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.

Former NATO Secretary General Jens Stoltenberg was set to become Norway's new finance minister on Tuesday as part of a cabinet reshuffle, broadcaster NRK and Norwegian newspapers reported, citing anonymous sources.

BEIJING (Reuters) - China's finance ministry on Tuesday announced a package of tariffs on a range of U.S. products in an immediate response to a 10% tariff on Chinese imports announced by U.S. President Donald Trump that went into effect at 0501 GMT.

Former NATO Secretary General Jens Stoltenberg was named Norway’s new finance minister, taking on the role as Europe prepares for a global trade upheaval that will test transatlantic relations.