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UK ex Defense Minister Michael Fallon:
"Trump’s NATO criticism is valid, Europe isn’t spending enough on defense"
By Holly Ellyatt, CNBC | July 10, 2018
"Trump’s NATO criticism is valid, Europe isn’t spending enough on defense"
By Holly Ellyatt, CNBC | July 10, 2018
President Donald Trump is pushing other countries within the NATO military alliance to contribute more to their defense spending — and the U.K.’s former defense minister has told CNBC that he agrees.
“Half the alliance — 16 of the 29 countries — don’t even spend 1.5 percent (of gross domestic product) let alone 2 percent that we all agreed on four years ago (at a NATO summit) in Wales,” Michael Fallon, who served as secretary of state for defense from 2014 to 2017, said Tuesday.
“Four years on, and not enough European countries are making progress towards it and they need to do that and the president’s criticisms are quite valid.”
Trump is due to attend a NATO summit in Brussels on Wednesday and the thorny issue of how much the alliance’s individual members spend on defense is certain to arise. On Tuesday, Trump was still tweeting his annoyance.
Number crunching
In 2014, NATO members agreed to target spending 2 percent of gross domestic product (GDP) on defense, although the contributions remain voluntary. In 2017, only the U.S., U.K., Greece, Poland and Estonia reached the 2 percent target.
In 2017, the U.S. spent (at current exchange rates) an estimated $685.9 billion on defense , NATO data shows, the U.K. spent $55.3 billion and Germany $45 billion, compared to Canada’s $22.4 billion. The U.S. represented a 71.1 percent share of the alliance’s combined defense expenditure .
NATO collects defense expenditure data from each member’s defense ministry. The latest data from the organization, released Tuesday, estimated that for 2018 the U.S. will spend 3.5 percent of GDP on defense, while NATO Europe and Canada are expected to both spend 1.47 percent.
At a NATO summit in May 2017, Trump lambasted fellow member nations saying, "Twenty-three of the 28 member nations are still not paying what they should… Many of these nations owe massive amounts of money from past years."
What makes Trump particularly cross is the fact that the U.S. pays so much “to protect Europe,” as Trump said last week at a rally in Montana, while Europe “kills us on trade” and the European Union had a 120 billion euro ($140 billion) trade surplus with the States in 2017 — a bone of contention for the president .
After several years of defense spending cutbacks, both France’s President Emmanuel Macron and German Chancellor Angela Merkel have pledged this year to increase defense spending — but both have signaled that the 2 percent target might not be reached for years. Berlin has only committed to 1.5 percent by 2024, but even NATO head Jens Stoltenberg has said that is not good enough .
NATO is based on the principle of collective defense, meaning that an attack against one ally is considered an attack against all allies and, consequently, members will come to each other’s aid. But Trump has repeatedly said that the U.S. is paying way more than its fair share.
https://finance.yahoo.com/news/trump-nato-criticism-valid-europe-052300195.html