The China Mail - US says NATO close to agreeing to Trump's defence spending demand

USD -
AED 3.672904
AFN 69.503991
ALL 83.658384
AMD 382.620403
ANG 1.789783
AOA 917.000367
ARS 1317.235277
AUD 1.540104
AWG 1.80125
AZN 1.70397
BAM 1.685947
BBD 2.013275
BDT 121.554058
BGN 1.668705
BHD 0.376029
BIF 2965
BMD 1
BND 1.288738
BOB 6.907252
BRL 5.422204
BSD 0.999612
BTN 87.418646
BWP 13.441372
BYN 3.366751
BYR 19600
BZD 2.00537
CAD 1.38345
CDF 2866.000362
CHF 0.801819
CLF 0.024489
CLP 960.703912
CNY 7.16775
CNH 7.17073
COP 4012
CRC 504.202405
CUC 1
CUP 26.5
CVE 94.450394
CZK 20.923204
DJF 177.720393
DKK 6.36904
DOP 62.650393
DZD 129.503881
EGP 48.361977
ERN 15
ETB 141.765474
EUR 0.853104
FJD 2.261504
FKP 0.745437
GBP 0.739481
GEL 2.69504
GGP 0.745437
GHS 11.000356
GIP 0.745437
GMD 72.503851
GNF 8665.931073
GTQ 7.665121
GYD 209.038209
HKD 7.81515
HNL 26.14951
HRK 6.427704
HTG 130.796086
HUF 337.340388
IDR 16233.5
ILS 3.368604
IMP 0.745437
INR 87.33025
IQD 1309.242625
IRR 42050.000352
ISK 122.380386
JEP 0.745437
JMD 160.241712
JOD 0.70904
JPY 146.96904
KES 129.203801
KGS 87.427404
KHR 4008.361528
KMF 422.503794
KPW 899.968769
KRW 1384.203789
KWD 0.30539
KYD 0.832963
KZT 537.321667
LAK 21661.343781
LBP 89947.374546
LKR 301.674051
LRD 200.418076
LSL 17.635898
LTL 2.95274
LVL 0.60489
LYD 5.423857
MAD 9.046609
MDL 16.837704
MGA 4426.39979
MKD 53.04898
MMK 2099.610431
MNT 3597.28806
MOP 8.050859
MRU 39.863455
MUR 46.110378
MVR 15.410378
MWK 1733.250005
MXN 18.598504
MYR 4.227504
MZN 63.903729
NAD 17.635898
NGN 1535.370377
NIO 36.78258
NOK 10.05555
NPR 139.867422
NZD 1.704159
OMR 0.383468
PAB 0.999582
PEN 3.509732
PGK 4.224745
PHP 56.499504
PKR 283.58447
PLN 3.63912
PYG 7244.452873
QAR 3.643487
RON 4.310604
RSD 99.996587
RUB 80.326581
RWF 1446.88921
SAR 3.752314
SBD 8.217016
SCR 13.325152
SDG 600.503676
SEK 9.498104
SGD 1.281304
SHP 0.785843
SLE 23.303667
SLL 20969.49797
SOS 571.256169
SRD 38.108504
STD 20697.981008
STN 21.119779
SVC 8.746099
SYP 13002.323746
SZL 17.628019
THB 32.360369
TJS 9.546021
TMT 3.5
TND 2.935021
TOP 2.342104
TRY 41.175038
TTD 6.787638
TWD 30.382304
TZS 2490.000335
UAH 41.313541
UGX 3561.915435
UYU 40.006207
UZS 12408.840922
VES 137.956904
VND 26350
VUV 120.302159
WST 2.707429
XAF 565.443614
XAG 0.025695
XAU 0.000297
XCD 2.70255
XCG 1.80156
XDR 0.702356
XOF 565.446051
XPF 102.805027
YER 240.203589
ZAR 17.449285
ZMK 9001.203584
ZMW 23.114686
ZWL 321.999592
  • RBGPF

    0.6500

    73.92

    +0.88%

  • CMSD

    0.2400

    23.95

    +1%

  • BCC

    6.5500

    91.22

    +7.18%

  • BCE

    -0.2300

    25.49

    -0.9%

  • NGG

    -0.0200

    71.41

    -0.03%

  • SCS

    0.4000

    16.5

    +2.42%

  • RYCEF

    0.0700

    14.06

    +0.5%

  • RELX

    0.2500

    48.44

    +0.52%

  • RIO

    1.3900

    62.69

    +2.22%

  • VOD

    0.0600

    11.92

    +0.5%

  • CMSC

    0.3000

    23.75

    +1.26%

  • JRI

    0.1200

    13.45

    +0.89%

  • GSK

    0.1100

    40.19

    +0.27%

  • AZN

    0.5100

    80.97

    +0.63%

  • BTI

    -0.7600

    58.51

    -1.3%

  • BP

    0.6900

    34.74

    +1.99%

US says NATO close to agreeing to Trump's defence spending demand
US says NATO close to agreeing to Trump's defence spending demand / Photo: © AFP

US says NATO close to agreeing to Trump's defence spending demand

US Secretary of Defense Pete Hegseth said Thursday NATO allies were close to agreeing a deal on spending ahead of a summit later this month, in a bid to satisfy US President Donald Trump's demand for five percent of GDP.

Text size:

The US leader has pressured alliance members to announce a massive boost in the target for their military budgets at the June 24-25 meeting in the Netherlands.

"Countries in there are well exceeding two percent and we think very close, almost near consensus, on a five percent commitment for NATO in The Hague later this month," Hegseth said after meeting NATO counterparts in Brussels.

NATO chief Mark Rutte has put forward a compromise agreement for 3.5 percent of GDP on core military spending by 2032, and 1.5 percent on broader security-related areas such as infrastructure.

"This alliance, we believe, in a matter of weeks, will be committing to 5 percent -- 3.5 percent in hard military and 1.5 percent in infrastructure and defence-related activities," Hegseth said.

"That combination constitutes a real commitment, and we think every country can step up."

The threat from Russia after more than three years of war in Ukraine and worries about US commitment to Europe's security under Trump are driving up military budgets in Europe.

Multiple diplomats said Rutte looks on track to secure the deal for the summit in The Hague -- but a few allies are still hesitant about committing to such levels of spending.

Most vocal in its reluctance is Spain, which is only set to reach NATO's current target of two percent of GDP by the end of this year.

Diplomats say other countries are also haggling over making the timeline longer and dropping a demand for core defence spending to increase by 0.2 percentage points each year.

But the deal appears an acceptable compromise to most, which will allow Trump to claim that he has achieved his headline demand, while in reality setting the bar lower for struggling European allies.

Currently only a handful of NATO countries most worried about Russia, such as Poland, and the Baltics, are on target to spend five percent on defence.

- 'America can't be everywhere' -

In a connected move, NATO ministers signed off at their meeting on new capability targets for the weaponry needed to deter Russia.

German Defence Minister Boris Pistorius estimated the new requirements meant Berlin would need to add "around 50,000 to 60,000" more soldiers to its army.

His Dutch counterpart Ruben Brekelmans said reaching the level requested would cost The Netherlands at least 3.5 percent of GDP.

"The new defence investment plan, of course, is rooted in what we need in terms of the hard capabilities," Rutte said.

Hegseth, a former TV presenter, rocked NATO on his last visit in February with a fiery warning that Washington could look to scale back its forces in Europe to focus on the threat from China.

This time around Hegseth said he did not want to "get ahead" of any decisions from Trump as the United States conducts a review of its force deployments worldwide.

"We're going to make sure we shift properly to the Indo-Pacific and re-establish deterrence there, and then we're going to increase burden-sharing across the world," he said.

"America can't be everywhere all the time, nor should we be."

- Ukraine question -

While the United States was focused on getting Trump a win on defence spending in The Hague, it sidestepped talks on supporting Ukraine in its fight with Russia.

Trump's return to the White House upended the West's approach to Russia's three-year-long war.

Hegseth underscored the United States disengagement with Kyiv by skipping a meeting of Ukraine's backers in Brussels Wednesday, and was set to miss a second sit-down with Kyiv Thursday.

Kyiv's European allies are pressing to overcome US reluctance and invited Ukraine's President Volodymyr Zelensky to The Hague as a sign of support.

So far, NATO has said only that Ukraine will be represented at the gathering, and has not confirmed that Zelensky will be in attendance.

P.Ho--ThChM