Connect with us

Hi, what are you looking for?

Politics

Rubio demands NATO pony up, dismisses ‘hysteria’ over US role under Trump

Secretary of State Marco Rubio on Thursday said NATO nations must provide a ‘realistic pathway’ to ramp up their defense spending to hit a 5% threshold – including the U.S.

‘I understand there’s domestic politics, after decades of building up vast social safety nets that maybe don’t want to take away from that and invest more in national security,’ Rubio said while speaking at a NATO foreign ministers event in Brussels. ‘But the events of the last few years… full-scale ground war in the heart of Europe as a reminder that hard power is still necessary as a deterrent.

‘We do want to leave here with an understanding that we are on a pathway, a realistic pathway to every single one of the members committee, and fulfilling a promise to reach up to 5% of spending,’ Rubio said, adding that ‘the United States will have to increase its percentage.’

While the majority of the 32 NATO members currently spend 2% of their nation’s GDP per previous NATO commitments, eight nations – Croatia, Portugal, Italy, Canada, Belgium, Luxembourg, Slovenia and Spain – have yet to meet their defense spending pledges.

Only Poland spends over 4% of its GDP on defense, while four other nations spend over 3% – Estonia, the U.S., Latvia and Greece. 

Despite the severe spending increases this will demand from all NATO nations, Rubio’s push is unlikely to be met with serious opposition as NATO Secretary-General Mark Rutte, and other NATO allies, have increasingly called for more defense spending. 

Washington in 2024 spent 3.38% of its GDP on defense, which equated to more than $967 billion, according to NATO figures released in July.

The U.S. closed out 2024 with a GDP of over $29.7 billion, which means it is on track to spend $1 trillion on defense in 2025 if it maintains the current expenditure rate of 3.38%. 

Rubio did not detail what timeframe he expected to see nations increase their defense spending to hit the 5% threshold, though if the U.S. did it in 2025, that would mean allocating nearly $1.49 trillion for defense – a figure that is higher than the current total spent by the entire NATO alliance, which collectively spent $1.47 trillion in 2024.

‘As we speak right now, the United States is as active in NATO as it has ever been,’ Rubio said. ‘Some of this hysteria and hyperbole that I see in the global media and some domestic media in the United States about NATO is unwarranted. 

‘The United States president [has] made clear. He supports NATO. We’re going to remain in NATO,’ he reaffirmed. 

Rubio said the only way NATO nations can truly deter aggressor nations like Russia and China is by collectively increasing each NATO nation’s capabilities to contribute to the alliance’s collective defense. 

‘We understand that’s a tradeoff,’ Rubio said. ‘We have to do it every single year in our country – I assure you that we also have domestic needs.

‘But we’ve prioritized defense because of the role we’ve played in the world, and we want our partners to do the same,’ Rubio confirmed.

This post appeared first on FOX NEWS

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    You May Also Like

    Sports

    SACRAMENTO — It is raining, the wind is gusting at 40 mph, and the wind chill is 49 degrees. Oh, baby, the Athletics are...

    Politics

    The House Foreign Affairs Committee (HFAC) is demanding that the United Nations not reappoint Special Rapporteur Francesca Albanese. Rep. Brian Mast, R-Fla., who chairs...

    Politics

    President Donald Trump laid out his plans for imposing a host of new tariffs on imports to the U.S. Wednesday — a day his...

    Stocks

    You may not know it, but all of the Magnificent Seven stocks are in bear markets. Given they are such an integral part of...

    Disclaimer: plannprofit.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 plannprofit.com | All Rights Reserved