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Norway

US Revised Tariffs (%)

15

Ease of doing business

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
15
15
2.3
1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
4.59
6.58
-1.99

Implications

The US has implemented new "reciprocal tariffs" on Norway as part of a broader shift in its global trade policy.


Here is an update on the current status of US Tariffs and Agreements concerning Norway as of October 2025:

Area

Status (October 2025)

Key Details

US Tariff Rate on Norway

15% (Implemented)

Norway is subject to a 15% ad-valorem reciprocal tariff on virtually all imported goods, effective since August 7, 2025.

Tariff Mechanism

"Reciprocal Tariffs"

The tariff was imposed under a new executive order citing the need to address what the US administration views as non-reciprocal trade practices and a large goods trade deficit.

Trade Deals / Agreements

No Tariff-Lowering Deal Reached

High-level talks between US and Norwegian officials have taken place, but no specific bilateral agreement has been finalized to eliminate or reduce the 15% tariff. Negotiations are described as "constructive yet demanding."

Exemptions

Petroleum and Gas

Most petroleum and gas products, including crude oil, refined fuels, and natural gas, are specifically excluded from the 15% reciprocal tariff.



Impact on Norwegian Companies and Sectors


The new 15% tariff has a significant impact on non-energy sectors that rely heavily on the U.S. market, which is Norway's largest single trading partner.

Sector

Impact Detail

Seafood (Especially Salmon)

Severely impacted. Norway's seafood sector, which saw rapidly growing exports to the US (e.g., NOK 10 billion in salmon in 2024), is now at a competitive disadvantage compared to rivals with lower tariffs (e.g., the UK and Chile). The tariff increases costs for US importers and consumers.

Metals and Aluminum

Impacted. These products are subject to the 15% reciprocal tariff, in addition to the higher, pre-existing 50% Section 232 tariffs on imported steel and aluminum (implemented in June 2025).

Manufacturing/Other

Impacted. Sectors like machinery, furniture, and advanced manufacturing components now face a 15% cost increase, affecting the profitability and competitiveness of exporters.


Norwegian business leaders have expressed alarm, and authorities are reportedly working closely with the EU to mitigate the risk of being hit by additional EU countermeasures that might target third countries outside the EU customs union.

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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