Friday, January 17, 2025

NATO

When Trump was last in office only 6 NATO countries were spending the required 2% of their budgets on defense. After being chided by Trump this rose to 23 of the 32 members which are now spending at least 2%. In Trump's second term this will be an issue and all NATO countries will have to spend more as the US will take a less active role in world defense. Some have suggested that Trump will ask these countries to increase their spending to the 3.5% that the US spends. Even with the large increases in defense spending by NATO countries in the last four years the total by NATO is $1.47 trillion and $1 trillion of that is from the US. When the war in Ukraine ends the European countries will realize they must be more responsible for their own defense and no longer rely so heavily on the US. Under Trump many other world organizations will have to depend more on countries other than the US for support. This includes groups like the UN, WHO, WTO and the world bank.

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