www.varchev.com

Trump demands NATO countries meet defense spending goals 'immediately'

Donald J. Trump

Rating:

12345
Loading...

President Donald Trump on Wednesday demanded that America's NATO allies raise their domestic defense spending levels to 2 percent "immediately" instead of by 2024, as NATO had previously agreed.

Donald J. Trump

The tweet was Trump's latest provocation in what has been a combative day as he attends a NATO summit in Brussels.

Earlier in the day, the White House confirmed that Trump also demanded that the agreed-upon level of domestic defense spending — 2 percent — be doubled, to 4 percent of gross domestic product.

"The president raised this same issue when he was at NATO last year," said White House press secretary Sarah Sanders. "President Trump wants to see our allies share more of the burden and at a very minimum meet their already stated obligations.”

Speaking at a breakfast Wednesday morning, Trump told NATO secretary general Jens Stoltenberg that the United States "in actual numbers, is paying 4.2 percent of a much larger GDP." But this figure was disputed by experts, who said that the spending figure is closer to 3.5 percent.

Moreover, Trump's snowballing demands of America's NATO allies may ultimately have the effect of weakening the U.S. bargaining position on the one demand that really matters, wrote Eurasia Group president Ian Bremmer.

"Existing NATO agreement is 2% of GDP by 2024. Many countries not on track to hit that. Including Europe’s wealthiest — Germany. That’s unacceptable," Bremmer wrote on Twitter. "But demands of 2% 'immediately; undermines US commitment to existing obligations."

Source: CNBC


 Trader Petar Milanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy