• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

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

by March 14, 2025
by March 14, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
Chuck Schumer will vote to keep government open: ‘For Donald Trump, a shutdown would be a gift’
next post
New poll details Americans’ views on Trump and Musk

Related Posts

I Worked With Ronald Reagan. Here’s What He...

November 14, 2025

Sanctions Didn’t Destroy Venezuela’s Economy — Socialism Did 

November 14, 2025

DAVID MARCUS: Why Republicans desperately need a Trump-centered...

November 14, 2025

From carpools to motorcycles, House lawmakers overcome air...

November 14, 2025

Jack Smith meeting with then-FBI Director Wray recorded...

November 14, 2025

DOJ seeking suspect after attack on US Attorney...

November 14, 2025

Democrat civil war erupts after moderate accuses progressive...

November 14, 2025

Fetterman hospitalized after fall near home in Pennsylvania

November 14, 2025

Trump DOJ opens mortgage fraud probe into Eric...

November 14, 2025

Former Rep. Louie Gohmert blasts Jack Smith for...

November 14, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • ByteSnap Design 2026 predictions: Convergence of AI, wireless, and cybersecurity in embedded design

    November 14, 2025
  • How IoT is Transforming the Modern Garden

    November 14, 2025
  • I Worked With Ronald Reagan. Here’s What He Really Thought About Tariffs

    November 14, 2025
  • Sanctions Didn’t Destroy Venezuela’s Economy — Socialism Did 

    November 14, 2025
  • The installed base of fleet management systems in North America to reach 33 million units by 2029

    November 14, 2025
  • Retail investors showing signs of fatigue after carrying the bull market says BofA

    November 14, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,222)
  • Editor's Pick (326)
  • Investing (185)
  • Stock (2,183)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Retaliatory Tariffs? Again? 

April 12, 2025

Waller Isn’t Flinching at Tariff Inflation —...

June 16, 2025

Trump’s approval rating holds steady amid deep...

July 24, 2025