Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Politics

Trump praised for getting NATO allies to bolster defense spending: ‘really staggering’

March 14, 2025
in Politics
Trump praised for getting NATO allies to bolster defense spending: ‘really staggering’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

NATO Secretary General Mark Rutte lauded President Donald Trump’s efforts to push NATO allies to increase defense spending, amid efforts to end the war in Ukraine. 

Trump has long advocated for NATO allies to ramp up defense spending to between 2% and 5% gross domestic product — and has made it clear that European nations need to shoulder greater responsibility for the security of their continent. 

‘You’re starting to hear the British prime minister and others all committing to much higher defense spending,’ Rutte told reporters Thursday at the White House. ‘We’re not there. We need to do more, but I really want to work together with you . . . to make sure that we will have a NATO which is really reinvigorated, under your leadership. And we are getting there.’ 

‘When you look at Trump 47, what happened the last couple of weeks is really staggering,’ Rutte said. 

Rutte’s comments come as European Commission President Ursula von der Leyen put forth an $841 billion proposal on March 4 for European Union nations to bolster defense spending. 

Likewise, British Prime Minister Keir Starmer pledged in February to boost his country’s defense spending to 2.5% of its gross domestic value. That is an increase from the 2.3% the U.K. currently spends, and amounts to a nearly $17 billion increase. 

Still, Rutte emphasized the need to strengthen the defense industrial base in both the U.S. and Europe, and cautioned they were falling behind Russia and China in defense production. 

As of 2023, the U.S. spent 3.3% of its GDP on defense spending — totaling $880 billion, according to the nonpartisan Washington, D.C.-based Peterson Institute for International Economics. More than 50% of NATO funding comes from the U.S., while other allies — like the United Kingdom, France and Germany — have contributed between 4% and 8% to NATO funding in recent years.

NATO comprises more than 30 countries and originally was formed in 1949 to halt the spread of the Soviet Union.

Secretary of Defense Pete Hegseth also encouraged NATO allies to beef up defense spending during a trip to Brussels in February. 

‘NATO should pursue these goals as well,’ Hegseth said. ‘NATO is a great alliance, the most successful defense alliance in history, but to endure for the future, our partners must do far more for Europe’s defense.’ 

Pledges from European and allied nations to increase defense spending coincide with negotiations to end the war in Ukraine. 

Nations including the U.K. and France have proposed deploying troops to ensure that Ukraine is protected from future Russian aggression under a peace negotiation. 

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Previous Post

Direct aid to Israel should be phased out to ‘reduce US leverage,’ influential conservative groups argue

Next Post

How not to end a war: 3 lessons from the last time Ukraine and Russia agreed a ceasefire deal

Next Post
How not to end a war: 3 lessons from the last time Ukraine and Russia agreed a ceasefire deal

How not to end a war: 3 lessons from the last time Ukraine and Russia agreed a ceasefire deal

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Russian minister dies by suicide hours after getting fired by Putin, officials say

    Russian minister dies by suicide hours after getting fired by Putin, officials say

    July 8, 2025
    ‘We have to keep growing:’ Mother of killed Israeli hostage in battle to have a grandchild with his harvested sperm

    ‘We have to keep growing:’ Mother of killed Israeli hostage in battle to have a grandchild with his harvested sperm

    July 8, 2025
    King Charles to emphasize bonds between UK and France as he welcomes Macron in first European state visit since Brexit

    King Charles to emphasize bonds between UK and France as he welcomes Macron in first European state visit since Brexit

    July 8, 2025
    US champions Lebanon’s response to Hezbollah disarmament, hints at Abraham Accords opportunity

    US champions Lebanon’s response to Hezbollah disarmament, hints at Abraham Accords opportunity

    July 8, 2025
    Disclaimer: bankstreetjournal.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    US troops in the Middle East could face increased threats amid Iran conflict: ‘Irreparable damage’

    US troops in the Middle East could face increased threats amid Iran conflict: ‘Irreparable damage’

    June 20, 2025

    Sole survivor of Air India crash lays his brother to rest after leaving hospital

    Sole survivor of Air India crash lays his brother to rest after leaving hospital

    June 19, 2025

    Recent News

    Russian minister dies by suicide hours after getting fired by Putin, officials say

    Russian minister dies by suicide hours after getting fired by Putin, officials say

    July 8, 2025
    ‘We have to keep growing:’ Mother of killed Israeli hostage in battle to have a grandchild with his harvested sperm

    ‘We have to keep growing:’ Mother of killed Israeli hostage in battle to have a grandchild with his harvested sperm

    July 8, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved