Donald Trump's victory in the 2024 U.

S. presidential election has sparked concerns over potential economic repercussions for Norway.

Trump's proposed increase in tariffs could significantly impact Norwegian exports, which account for 10% of its trade with the U.

S., excluding oil and gas.

Economists warn that if the European Union responds with higher tariffs, Norway, not being part of the EU's customs union, could face further challenges.

The Norwegian krone has already weakened against the dollar, complicating Norges Bank's plans for a rate cut.

Meanwhile, Wall Street has reacted positively to Trump's win, with major indices like Dow Jones and Nasdaq reaching new highs.

However, experts caution that Trump's economic policies, including increased public spending and tariffs, may lead to higher inflation and interest rates, affecting global markets and delaying Norway's anticipated rate cuts.