The China Mail - NATO hatches deal on higher spending to keep Trump happy

USD -
AED 3.672985
AFN 70.505413
ALL 87.850388
AMD 388.080065
ANG 1.789679
AOA 916.999782
ARS 1124.990155
AUD 1.54655
AWG 1.8025
AZN 1.694475
BAM 1.760475
BBD 2.01821
BDT 121.44561
BGN 1.74806
BHD 0.376824
BIF 2936
BMD 1
BND 1.304667
BOB 6.906795
BRL 5.609103
BSD 0.999608
BTN 85.262414
BWP 13.645733
BYN 3.271208
BYR 19600
BZD 2.00784
CAD 1.39357
CDF 2871.000045
CHF 0.839795
CLF 0.024508
CLP 940.505616
CNY 7.20635
CNH 7.212895
COP 4211.75
CRC 507.95051
CUC 1
CUP 26.5
CVE 99.125018
CZK 22.301395
DJF 177.720054
DKK 6.67075
DOP 58.900977
DZD 133.476991
EGP 50.448201
ERN 15
ETB 133.107346
EUR 0.89423
FJD 2.261501
FKP 0.753148
GBP 0.75231
GEL 2.740345
GGP 0.753148
GHS 12.725015
GIP 0.753148
GMD 72.000075
GNF 8654.999616
GTQ 7.685314
GYD 209.123559
HKD 7.805095
HNL 25.769778
HRK 6.734697
HTG 130.691715
HUF 361.302006
IDR 16565.65
ILS 3.564315
IMP 0.753148
INR 85.33905
IQD 1310
IRR 42099.9999
ISK 130.289609
JEP 0.753148
JMD 159.24209
JOD 0.709303
JPY 147.154503
KES 129.164817
KGS 87.450057
KHR 4018.999702
KMF 440.498616
KPW 900.025486
KRW 1419.574953
KWD 0.30735
KYD 0.832966
KZT 508.08524
LAK 21620.000438
LBP 89549.999911
LKR 298.717314
LRD 199.625015
LSL 18.330625
LTL 2.952739
LVL 0.60489
LYD 5.514959
MAD 9.29745
MDL 17.472119
MGA 4485.000273
MKD 55.001631
MMK 2099.382878
MNT 3577.646594
MOP 8.02371
MRU 39.581394
MUR 46.149772
MVR 15.449949
MWK 1735.999937
MXN 19.418545
MYR 4.310501
MZN 63.909932
NAD 18.330308
NGN 1602.679997
NIO 36.774992
NOK 10.35245
NPR 136.415311
NZD 1.685275
OMR 0.384989
PAB 0.999577
PEN 3.661251
PGK 4.07275
PHP 55.845502
PKR 281.749975
PLN 3.789569
PYG 7982.465221
QAR 3.640504
RON 4.564498
RSD 105.514724
RUB 79.847902
RWF 1420
SAR 3.750776
SBD 8.36135
SCR 14.666804
SDG 600.50389
SEK 9.72295
SGD 1.302365
SHP 0.785843
SLE 22.749843
SLL 20969.500214
SOS 571.498433
SRD 36.494362
STD 20697.981008
SVC 8.746686
SYP 13001.704189
SZL 18.330469
THB 33.309858
TJS 10.365266
TMT 3.505
TND 3.0225
TOP 2.342101
TRY 38.796403
TTD 6.783414
TWD 30.2945
TZS 2698.000238
UAH 41.541044
UGX 3658.179822
UYU 41.748053
UZS 12934.999889
VES 92.946031
VND 25953
VUV 120.127784
WST 2.788568
XAF 590.436285
XAG 0.030552
XAU 0.000309
XCD 2.70255
XDR 0.734637
XOF 575.493717
XPF 107.149668
YER 244.450402
ZAR 18.31788
ZMK 9001.198701
ZMW 26.488498
ZWL 321.999592
  • RBGPF

    63.8100

    63.81

    +100%

  • CMSC

    -0.0200

    22.06

    -0.09%

  • RIO

    0.8600

    62.27

    +1.38%

  • SCS

    -0.1100

    10.71

    -1.03%

  • RELX

    0.5700

    52.4

    +1.09%

  • CMSD

    0.0900

    22.39

    +0.4%

  • BTI

    -0.2900

    40.69

    -0.71%

  • GSK

    -1.0200

    36.35

    -2.81%

  • AZN

    -1.2300

    67.72

    -1.82%

  • NGG

    0.0000

    67.53

    0%

  • RYCEF

    0.3200

    10.7

    +2.99%

  • JRI

    -0.1300

    12.88

    -1.01%

  • VOD

    -0.0100

    9.06

    -0.11%

  • BCC

    0.6100

    93.71

    +0.65%

  • BP

    0.3700

    30.56

    +1.21%

  • BCE

    -0.5800

    21.98

    -2.64%

NATO hatches deal on higher spending to keep Trump happy
NATO hatches deal on higher spending to keep Trump happy / Photo: © GETTY IMAGES NORTH AMERICA/AFP

NATO hatches deal on higher spending to keep Trump happy

NATO foreign ministers meeting in Antalya from Wednesday will look to forge a compromise deal on ramping up defence spending as allies scramble to satisfy US President Donald Trump's demand to agree to five percent of GDP at a summit next month.

Text size:

The two-day gathering in the sun-baked Turkish seaside resort comes as diplomatic intrigue swirls over a possible meeting across the country in Istanbul between Ukraine's president Volodymyr Zelensky and Russia's Vladimir Putin.

But it will be the internal wrangling over NATO's spending target that dominates the meat of the debate Thursday among foreign ministers with just over six weeks before leaders come face-to-face with Trump in The Hague.

Trump has piled on pressure ahead of the summit by insisting he wants NATO to agree to devote five percent of GDP to defence -- a level no member, including the United States, currently reaches.

The volatile former reality TV star has rattled European allies worried about the menace from Russia by threatening not to protect countries that, in his eyes, don't spend enough.

In a bid to prevent him blowing up the alliance, NATO boss Mark Rutte has floated a proposal for allies to commit to 3.5 percent of direct military spending by 2032, as well as another 1.5 percent of broader security-related expenditure.

That would hand Trump the headline figure he's demanding while giving enough wiggle room to European allies who are struggling just to reach NATO's current spending threshold of two percent.

"Trump will be able claim victory and say that he got NATO to spend five percent," one senior NATO diplomat, talking on condition of anonymity to discuss internal deliberations.

"In reality it will be more complicated than that -- but that will be the essential political message from the summit."

- 'Not a grab bag' -

Diplomats say that Rutte's plan, which hasn't been made public, envisions ratcheting up direct defence spending by 0.2 percent each year over the next seven years until countries hit the 3.5 target.

The other 1.5 percent of more loosely defined spending could include a wide-range of areas including infrastructure, cyber defence, border controls and even support for Ukraine.

Diplomats admit it's a budgetary sleight-of-hand aimed at softening the blow for countries, such as Canada, Spain and Italy, who are still only just limping towards two percent.

They say some countries are pushing for more time to reach the new target and to stretch the broader spending parameters as wide as possible.

But European heavyweights France and Germany seem on board -- especially as Berlin has opened the doors for a major splurge on defence.

And the main thing for now appears the United States is already throwing its weight behind the plan -- making officials optimistic of reaching a deal.

"This new Hague investment pledge or plan is going to include all of the capability targets necessary for NATO allies to deter and defend, but it also includes things like mobility, infrastructure, necessary infrastructure, cyber security," US NATO ambassador Matthew Whitaker said.

"It is definitely more than just missiles, tanks and howitzers, but at the same time, it's got to be defence-related. It is not a grab bag for everything that you could possibly imagine."

- Short and sweet? -

Looming beyond the discussion on money are warnings from the United States that it could look in the future to pull out forces from Europe to focus on the threat from China.

For now Washington says no firm decisions have been taken and it is conducting a review of its deployments worldwide.

"We are having ongoing discussions with our allies to make sure that there are no security gaps," Whitaker said. "We're asking our European allies to be more capable and to be equal partners."

With a deal in the offing on spending, NATO is keen to avoid any other bones of contention potentially spoiling the summit.

There is still no agreement on inviting Zelensky -- who has a rocky relationship with Trump -- to The Hague and it looks likely to depend on where things stand by then with the US push to end Russia's war.

Meanwhile diplomats say there is only likely to be one full session with leaders and a short declaration that avoids thorny issues such as Kyiv's membership push.

H.Ng--ThChM