President Donald Trump is setting the tone before his meetings with European leaders this week, beginning with the NATO summit in Brussels.
“The U.S. is spending many time more than any other country in order to protect them” and it’s “not fair to the U.S. taxpayer,” Trump said in another tweet.
And the president linked that spending to his trade battles, writing, “Not fair to the U.S. taxpayer. On top of that we lose $151 Billion on Trade with the European Union. Charge us big Tariffs (& Barriers)!”
@realDonaldTrump: Getting ready to leave for Europe. First meeting – NATO. The U.S. is spending many times more than any other country in order to protect them. Not fair to the U.S. taxpayer. On top of that we lose $151 Billion on Trade with the European Union. Charge us big Tariffs (& Barriers)
Trump will face fellow leaders on Wednesday and Thursday at the NATO summit in Brussels, where defense spending is expected to be a thorny subject of discussion. Ahead of the NATO summit in Brussels this week, he has repeatedly blasted the alliance members for not meeting a 2014 pledge to spend 2 percent of their gross domestic product (GDP) on defense.
Claiming that other countries are not pulling their weight, although the contributions are only voluntary, Trump has previously warned that the U.S. would not to be willing to intervene on the behalf of nations that did not reach the 2 percent spending target.
NATO Secretary General Jens Stoltenberg conceded that there were ?쐓ome real disagreementsbetween the U.S. and other NATO members over trade, climate change and the Iranian nuclear deal. He told CNBC last week that NATO had previously been successful in overcoming those disagreements. ?쏧 am confident we will do so again this time,he said.
NATO 2017 report noted that ?쏣uropean allies and Canada increased spending on defense by almost 5 percent meaning짯 there have now been three consecutive years of growth since 2014.Still, the report showed that in 2017 only five NATO members had met the 2 percent target the U.S., U.K., Greece, Poland and Estonia.
CNBC’s Holly Ellyatt contributed to this report.
source : www.cnbc.com