investorschatroom.com

People

Trump has no clue how North Atlantic Treaty Organisation funding works

Share
Trump Sets Stage for NATO Showdown as He Ties Defense to Trade - Article

"Europeans spend on defense many times more than Russian Federation and as much as China and I think you have no doubt, Mr. President, that this is an investment in common American and European defense and security, which can not be said with confidence about Russian Federation or Chinese spending", Tusk said.

Member countries are anxious that Trump will spurn them and threaten to unravel the organization, their fears stemming from the G7 meeting last month. However, many members pitch in far less than that figure, while the US puts in more than 3 percent of its GDP.

European Council President Donald Tusk addressed Trump's criticism, telling the U.S. President to "appreciate your allies, after all you don't have that many", at an E.U.

Stoltenberg has the challenging task of chairing the first major gathering of western leaders since a Group of Seven meeting last month ended with Trump insulting the host, Canadian Prime Minister Justin Trudeau. That means the USA share for all three combined would be around $590 million, at most.

The ties between the USA and many of its longest-standing allies have frayed since Trump took office and put his "America first" agenda into practice.

Responding to questions from reporters, Trump said he couldn't say if Putin is a friend or foe, but that he is a competitor.

At the time, Johnson was Mayor of London and said Trump was talking "complete and utter nonsense".

In addition to straining ties with North Atlantic Treaty Organisation countries, Trump floated the idea of allowing Russian Federation back into the Group of 7.

Iran says Trump 'destabilising' oil market
Opec, together with a group of non-Opec producers led by Russian Federation , reduced output in 2017 to prop up the market. Trump late on Wednesday accused the Organization of Petroleum Exporting Countries (OPEC) of driving up fuel prices.

His Montana rally reveals Trump’s emerging midterm campaign strategy
Trump and Warren have waged repeated Twitter wars over the past two years, which seem to play well with their partisan bases. Trump said Kennedy had chose to leave the High Court because he knew the president would pick a stellar replacement.

Park Sung-hyun Wins 2nd LPGA Major in Dramatic Fashion
The latest win is Park's second victory of this season since she won the Volunteers of America LPGA Texas Classic in May. It was not the finish she was looking for at the Kemper Lakes Golf Club in Kildeer, Illinois - just outside Chicago.

On the other hand, Trump is right that many countries in the worldwide security alliance come "nowhere close to their 2% commitment".

In an earlier Twitter posting, the president singled out Germany for contributing just 1 per cent, which he said is one-fourth of what the U.S.is spending. And the United States ranks 18 in refugees taken in due to Mideast instability as a percentage of total population, with Turkey, Sweden and Norway accepting the most. We pay far too much and they pay far too little. And I think you can have no doubt, Mr President, that this is an investment in common American and European defence and security.

The hint of USA withdrawal from Europe, while unlikely, indeed seems to have made many countries hike their defense spending.

US President Donald Trump on Tuesday declined to offer any support to British Prime Minister Theresa May, while acknowledging that the United Kingdom was in "turmoil" after two senior ministers quit over Brexit plans.

Not only that, but Trump's suggestion that the U.S.is entitled to a "reimbursement" is absurd. "On top of this the European Union has a Trade Surplus of US$151 Million with the USA, with big Trade Barriers on USA goods. NO!"

"NATO really is making progress, and they are doing it really at President Trump's insistence", Hutchinson said on "Fox News Sunday".

"So Congress will have to act to get the President of the United States to implement the sanctions against the man that invaded Crimea and meddled in our elections?" "NATO has not treated us fairly, but I think we'll work something out". While last June, NATO expected a 4.3 percent spending growth in 2017, the figure was revised in March to nearly 4.9 percent and further to over 5.2 percent in July.

Share