The China Mail - Trump reassures allies as NATO agrees 'historic' spending hike

USD -
AED 3.672994
AFN 68.393961
ALL 83.817892
AMD 383.809994
ANG 1.789699
AOA 916.999662
ARS 1315.966197
AUD 1.532931
AWG 1.8
AZN 1.692558
BAM 1.6848
BBD 2.019382
BDT 121.643623
BGN 1.676598
BHD 0.377016
BIF 2982.576296
BMD 1
BND 1.286899
BOB 6.911762
BRL 5.403397
BSD 1.000129
BTN 87.680214
BWP 13.465142
BYN 3.30176
BYR 19600
BZD 2.009089
CAD 1.376635
CDF 2889.999636
CHF 0.808735
CLF 0.024629
CLP 966.240093
CNY 7.188199
CNH 7.187125
COP 4021.95
CRC 505.955073
CUC 1
CUP 26.5
CVE 94.986432
CZK 20.970982
DJF 178.11376
DKK 6.396502
DOP 61.234951
DZD 129.868999
EGP 48.448301
ERN 15
ETB 140.112942
EUR 0.857199
FJD 2.253294
FKP 0.745486
GBP 0.740945
GEL 2.698121
GGP 0.745486
GHS 10.552433
GIP 0.745486
GMD 72.506428
GNF 8672.955162
GTQ 7.673687
GYD 209.256747
HKD 7.84995
HNL 26.242839
HRK 6.462197
HTG 131.12791
HUF 338.781501
IDR 16249.8
ILS 3.416675
IMP 0.745486
INR 87.600302
IQD 1310.160658
IRR 42124.999547
ISK 122.56982
JEP 0.745486
JMD 159.986217
JOD 0.708981
JPY 148.036503
KES 129.200855
KGS 87.350211
KHR 4005.944304
KMF 424.124978
KPW 900.034015
KRW 1385.560042
KWD 0.30556
KYD 0.833495
KZT 540.97478
LAK 21645.021645
LBP 89618.31535
LKR 301.141405
LRD 200.538433
LSL 17.723048
LTL 2.95274
LVL 0.60489
LYD 5.433949
MAD 9.059827
MDL 16.79826
MGA 4423.768603
MKD 53.012878
MMK 2098.920925
MNT 3594.03125
MOP 8.087355
MRU 39.894905
MUR 45.630011
MVR 15.398331
MWK 1734.35851
MXN 18.56493
MYR 4.230959
MZN 63.960242
NAD 17.723048
NGN 1535.398743
NIO 36.809235
NOK 10.21002
NPR 140.279106
NZD 1.681054
OMR 0.384502
PAB 1.000194
PEN 3.529483
PGK 4.157299
PHP 56.980989
PKR 283.914718
PLN 3.646687
PYG 7491.062583
QAR 3.646552
RON 4.340201
RSD 100.411036
RUB 79.697615
RWF 1447.30891
SAR 3.753449
SBD 8.230592
SCR 14.145077
SDG 600.501903
SEK 9.56402
SGD 1.283085
SHP 0.785843
SLE 23.150009
SLL 20969.503947
SOS 571.56394
SRD 37.418503
STD 20697.981008
STN 21.106588
SVC 8.751346
SYP 13002.086727
SZL 17.716329
THB 32.378499
TJS 9.351942
TMT 3.51
TND 2.937675
TOP 2.342098
TRY 40.73641
TTD 6.786845
TWD 29.9384
TZS 2535.00046
UAH 41.497782
UGX 3560.322178
UYU 39.944868
UZS 12590.774002
VES 130.96022
VND 26270
VUV 119.26542
WST 2.657465
XAF 565.102625
XAG 0.026449
XAU 0.000299
XCD 2.70255
XCG 1.802472
XDR 0.702337
XOF 565.066115
XPF 102.735065
YER 240.27497
ZAR 17.60151
ZMK 9001.201522
ZMW 23.079408
ZWL 321.999592
  • RBGPF

    0.0000

    73.08

    0%

  • CMSC

    0.0150

    23.075

    +0.07%

  • BCC

    3.4900

    84.23

    +4.14%

  • RIO

    1.1200

    63.26

    +1.77%

  • SCS

    0.3050

    16.265

    +1.88%

  • AZN

    0.8800

    74.95

    +1.17%

  • BTI

    -0.2300

    58.1

    -0.4%

  • GSK

    0.4300

    38.14

    +1.13%

  • SCU

    0.0000

    12.72

    0%

  • RELX

    -0.2150

    47.825

    -0.45%

  • JRI

    -0.0200

    13.37

    -0.15%

  • NGG

    -0.9550

    70.275

    -1.36%

  • BCE

    0.2550

    24.605

    +1.04%

  • RYCEF

    0.3600

    14.7

    +2.45%

  • CMSD

    -0.0057

    23.565

    -0.02%

  • VOD

    0.0550

    11.565

    +0.48%

  • BP

    0.3000

    34.25

    +0.88%

Trump reassures allies as NATO agrees 'historic' spending hike
Trump reassures allies as NATO agrees 'historic' spending hike / Photo: © POOL/AFP

Trump reassures allies as NATO agrees 'historic' spending hike

US President Donald Trump took a victory lap at NATO's Hague summit Wednesday, joining leaders in reaffirming the "ironclad" commitment to protect each other after allies agreed to his demand to ramp up defence spending.

Text size:

The unpredictable US leader appeared keen to take the plaudits as he secured a key foreign policy win by getting NATO's 32 countries to agree to meet his headline target of five percent of GDP on defence spending.

In a move that will provide reassurance to allies in Europe worried over the threat from Russia, Trump signed off on a final leaders' declaration confirming "our ironclad commitment" to NATO's collective defence pledge that an attack on one is an attack on all.

"It's a great victory for everybody, I think, and we will be equalised," Trump said of the new spending commitment, ahead of the summit's main session.

Diplomats said that behind closed doors Trump insisted there was no greater ally than Washington and urged others to spend some of the new money on US weaponry.

The deal hatched by NATO is a compromise that allows Trump to claim triumph, while in reality providing wiggle room for cash-strapped governments in Europe.

It sees countries promise to dedicate 3.5 percent of GDP to core military spending by 2035, and a further 1.5 to broader security-related areas such as infrastructure.

Entering the meeting, leaders lined up to declare the summit's spending hike as "historic".

NATO allies say the increase is needed to counter a growing threat from Russia but also to keep Trump engaged, with the US leader long complaining that Europe spends too little on its own defence.

Belgian Prime Minister Bart De Wever said: "As Europeans, we should realise that our long break from history is over."

The continent needed to take responsibility for its own security "in a very difficult time", added De Wever.

- 'Totally committed' -

Everything was carefully choreographed at the gathering in The Hague to keep the volatile US president on board: from chopping back the official part of the meeting to putting him up overnight in the royal palace.

Trump rattled his allies by appearing to cast some doubt on the validity of NATO's mutual defence clause -- known as Article Five of the alliance treaty -- telling reporters on the way to The Hague that it "depends on your definition. There's numerous definitions of Article Five."

But Rutte insisted Trump remained "totally committed" to the pledge -- which was reaffirmed unequivocally in the summit's final statement.

Underpinning the leaders' discussions on defence was Moscow's invasion of Ukraine, and in another sop to the demands of allies the United States allowed NATO to refer to the "long-term threat posed by Russia to Euro-Atlantic security" in the communique.

Though its language was watered down from previous years, the declaration also said allies would continue to support Ukraine "whose security contributes to ours" and could use money from the new spending pledge to fund military aid for Kyiv.

- 'Nice guy' -

That came as Trump was poised to meet the war-torn country's president Volodymyr Zelensky on the summit sidelines.

Zelensky is playing a less central role here than at previous summits, to avoid a bust-up with Trump after their infamous Oval Office shouting match.

But Trump described him as a "nice guy" and added that he was talking to Russian President Vladimir Putin about the war, saying: "I think progress is being made."

But despite Rutte's insistence that Ukraine's bid for membership remains "irreversible", NATO's statement avoided any mention of Kyiv's push to join after Trump ruled it out.

Hungary's Kremlin-friendly Prime Minister Viktor Orban was more categorical.

"NATO has no business in Ukraine," he said. "My job is to keep it as it is."

burs-del/ec/giv

I.Ko--ThChM