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Trade war threatens Norwegian jobs

Ine Eriksen SøreideForeign Minister Ine Eriksen Søreide.Photo: Berit Roald / NTB scanpix

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Foreign Minister, Ine Eriksen Søreide of Høyre (H) said that if US President Donald Trump introduces customs duties on cars and car parts it hits Norway directly.

‘’Norway makes and exports car parts to the United States, but also to the European market, which unites cars and sales to the United States. In both cases, increased tariffs will cause demand to decline, and then sales of cars will decline’’ she told VG newspaper.

Tysk Benteler at Raufoss are among those who produce suspension and bumpers for Audi, BMW, Daimler, Porsche, Opel, Toyota, and Volvo according to Dagens Næringsliv newspaper. Also in Kongsberg
and Hvittingfoss, there are factories that send car parts around the world.

Like other countries, Norwegian industry is in a complex value chain,
where one’s livelihood depends on others.

“Not only will a toll on car parts have direct consequences for Norway exporting less and earning less, but we are also one of the world’s largest carriers of new cars on container vessels” said the Foreign
Minister.

So far, Trump has postponed this duty for six months. Eriksen Søreide said she has been clear to the United States on this issue.

© NTB Scanpix / #Norway Today

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