Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

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

by
March 13, 2025
in Latest News
0
Trump praised for getting NATO allies to bolster defense spending: ‘really staggering’

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

Trump downplays China-Russia-Iran nuclear talks, says they may discuss ‘de-escalation’

Next Post
Trump downplays China-Russia-Iran nuclear talks, says they may discuss ‘de-escalation’

Trump downplays China-Russia-Iran nuclear talks, says they may discuss ‘de-escalation’

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

November 5, 2025
Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

November 5, 2025
Trump says SNAP benefits will only resume when ‘Radical Left Democrats’ open government

Trump says SNAP benefits will only resume when ‘Radical Left Democrats’ open government

November 4, 2025
Schumer pushes shutdown into record books after rejecting GOP bill a 14th time

Schumer pushes shutdown into record books after rejecting GOP bill a 14th time

November 4, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

    Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

    November 5, 2025
    Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

    Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

    November 5, 2025
    Trump says SNAP benefits will only resume when ‘Radical Left Democrats’ open government

    Trump says SNAP benefits will only resume when ‘Radical Left Democrats’ open government

    November 4, 2025
    Schumer pushes shutdown into record books after rejecting GOP bill a 14th time

    Schumer pushes shutdown into record books after rejecting GOP bill a 14th time

    November 4, 2025

    Top News

    Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

    Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified

    November 5, 2025
    Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

    Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal

    November 5, 2025

    Latest News

    • Iran hackers taunted ‘Mr. Mustache’ John Bolton about stolen files that were allegedly classified
    • Trump renominates Musk ally Jared Isaacman to lead NASA after earlier reversal
    • Trump says SNAP benefits will only resume when ‘Radical Left Democrats’ open government

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.