logo
Trump Says Spain Has to Pay as NATO Seeks Deal on Spending

Trump Says Spain Has to Pay as NATO Seeks Deal on Spending

Mint3 hours ago

NATO allies are pressing Spain to sign on to a stepped-up defense spending target and end a holdout that US President Donald Trump portrayed as unacceptable.
Ahead of a North Atlantic Treaty Organization summit starting Tuesday that Trump is scheduled to attend, Spanish Prime Minister Pedro Sanchez is the only leader who's outright opposed to the proposal to raise outlays to 5% of gross domestic product.
'NATO's going to have to deal with Spain,' Trump told reporters during a trip to his New Jersey golf club on Friday. 'Spain's been a very low payer. I think Spain has to pay what everybody else has to pay.'
Ambassadors of NATO member countries held inconclusive talks in Brussels on Friday and are expected to continue into the weekend, according to people familiar with the matter, who asked for anonymity to discuss private consultations. NATO Secretary General Mark Rutte is negotiating directly with Sanchez, the people said.
Others among the alliance's lowest spenders, such as Italy and Belgium, have expressed doubt about the 5% goal and asked for flexibility but eventually came on board.
The two-day NATO summit in The Hague begins on Tuesday.
While Rutte initially proposed a 2032 target, the latest draft pushes the date back to 2035. His wish to see mandatory yearly increases has also been stripped, which should make the process easier for laggards.
NATO's existing target calls for member countries to spend 2% of GDP on defense. Under the new target, 1.5% would go to broader defense-related spending such as cybersecurity as well as infrastructure for moving troops and military equipment.
The agreed criteria are broad enough that all allies should be able meet that part of the plan quickly, according to the people. The increase in core defense spending from 2% to 3.5% will be much harder to deliver.
What could help bring Spain on board is that NATO will review the equipment and troops it deems necessary in 2029. The price tag attached to its capabilities could be tweaked at that point, potentially providing some breathing room for countries, according to the people.
With assistance from Skylar Woodhouse.
This article was generated from an automated news agency feed without modifications to text.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Giving them two weeks': Donald Trump's timeless countdown returns; this time with Iran
'Giving them two weeks': Donald Trump's timeless countdown returns; this time with Iran

Time of India

time32 minutes ago

  • Time of India

'Giving them two weeks': Donald Trump's timeless countdown returns; this time with Iran

US President Donald Trump is expected to decide within the next two weeks whether to launch a military strike on Iran, according to the White House, a familiar timeline Trump has leaned on since his first term in office. Tired of too many ads? go ad free now 'Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,' she said in a statement issued through White House press secretary Karoline Leavitt on Thursday. Later on Saturday Trump again reiterated his 'two-week' timeline: "I'm giving them (Iran) a period of time- and I would say two weeks would be the maximum." Two-week a similar troupe Trump has pledged to make announcements or decisions 'in two weeks' more than a dozen times over the past two months, according to an NBC News analysis, a pattern that mirrors his tendency during his earlier presidency. Asked eight weeks ago if he could trust Russian President Vladimir Putin, Trump replied, 'I'll let you know in about two weeks.' During his first term, Trump frequently invoked the 'two weeks' timeline for a range of major promises, from tax reform and health care policy to infrastructure plans and the fight against ISIS. Many of these proposals, including claims related to conspiracy theories and coal mine reopenings, were repeatedly touted as imminent but ultimately failed to materialize. Trump's repeated use of the 'two weeks' promise has surged in recent weeks, applied to everything from trade negotiations and tariff decisions to the Russia-Ukraine war. Yet, many of these pronouncements have failed to materialize. The phrase 'two weeks' under Trump has become less a literal timeframe and more a rhetorical device, a vague, elastic placeholder that can mean anything or nothing at all, to signal action while delivering delay. In Trump's lexicon, 'two weeks' doesn't measure time; it simply means 'later'. Will the United States bomb Iran? It's unclear. Will we get a definitive answer in the next two weeks? That's just as uncertain.

Israel-Iran War: Big blow to Israel and US as these two countries suggest to form United Front, the countries are...
Israel-Iran War: Big blow to Israel and US as these two countries suggest to form United Front, the countries are...

India.com

time33 minutes ago

  • India.com

Israel-Iran War: Big blow to Israel and US as these two countries suggest to form United Front, the countries are...

New Delhi: Russia and China have announced to form a united front to protect Iran. CNN's report says that a strong message has been sent to Donald Trump. CNN has said in its report that Chinese President Xi Jinping and Russian President Vladimir Putin have appealed to the President to avoid the US's entry into the Israel-Iran war. Putin, Jinping call Trump During a telephonic conversation between Chinese President Xi Jinping and Russian President Vladimir Putin on Thursday, June 19, both leaders have called Israel's action a violation of international law and the United Nations Charter. Jinping and Putin spoke on the telephone at a time when Donald Trump threatened to kill Iran's Supreme Leader Ayatollah Ali Khamenei two days ago. CNN quoted the Kremlin as saying that the presidents of Russia and China strongly condemned the Israeli attack on Iran. The Chinese President has urged both parties involved in the war, especially Israel, not to escalate the war, so that the regional conflict does not spread and a ceasefire is reached soon. Chinese weapons for Iran? It has been reported that China has sent weapons to Iran via different flights which is yet to be confirmed. China has long held America responsible for instability in the Middle East while many Chinese political experts also blame America for the current war. As of now, any diplomatic breakthrough remains elusive as Israel-Iran war entered its second week on Friday, June 20. Many Chinese experts say that Donald Trump is pushing the Middle East into an alley of indefinite war and China does not want the end of Ayatollah Ali Khamenei's rule in Iran. Under the leadership of Supreme Leader Khamenei, Iran has emerged as a formidable power in the Middle East and a challenger to US dominance. This is exactly how China is now challenging the USA in West Asia. China Iran relations China has also arranged for reconciliation between Saudi Arabia and Iran in 2023, a move that shocked the United states. China has long supported Iran through oil imports amid an embargo and its seat on the United Nations Security Council (UNSC). In the last few years, China and Iran have deepened their strategic relationship along with conducting joint naval exercises. Beijing welcomed Tehran into the Shanghai Cooperation Organization (SCO) and BRICS. This group includes India, China and Russia, which is considered a counter to US-dominated G7. Iran is also an important member of China's Belt and Road Initiative (BRI). Apart from this, China has set a target of investing $ 400 billion in Iran in the next few years. Russia Iran relations Iran is a very important ally for Russia and presented itself as a mediator to stop the Israel-Iran conflict. Iran had reportedly supplied many drones and missiles to Russia in its war with Ukraine. These drones and missiles are said to be proving advantageous to Russia.

Trump tariffs hit China hard, 40% drop in small parcel Chinese shipments to US
Trump tariffs hit China hard, 40% drop in small parcel Chinese shipments to US

First Post

timean hour ago

  • First Post

Trump tariffs hit China hard, 40% drop in small parcel Chinese shipments to US

Chinese exporters are hit hard by US President Trump's tariffs, with a 40% drop in low-value parcel exports to the US in May year-on-year. The reason behind the drop is that Trump's administration plans to charge 54% tariffs on less expensive products read more Chinese exporters are paying the price of the sweeping tariffs introduced by US President Donald Trump. The brunt of the Trump tariffs is significant to the Chinese economy, especially in the parcel industry. According to China's latest customs data, released on Friday, China's exports of low-value parcels to the United States dropped 40 per cent in May year. The data was released by China's General Administration of Customs, ringing alarm bells in Beijing, Bloomberg reported. China's export of small parcels to the US now stands at just over $1 billion, which is the lowest since early 2023. The 40 per cent plunge from the same month last year marked a sharp reversal of the booming trade between the two nations. STORY CONTINUES BELOW THIS AD The Trump tariffs are also affecting the business models of fast-fashion titan Shein and its rival Temu , which relied on the exemption to send goods directly to US customers free of tariffs. Apart from this, the tariffs are squeezing thousands of small merchants who relied on the model as a low-cost entry into the world's largest consumer market. More from Business How Indian fintech startups are driving Malaysia's UPI-like digital payments revolution 'Without the exemption, it would mean tougher business to us, and much fewer options for consumers, and potentially higher prices,' said Wang Yuhao, whose Kunming-based incense company, Shantivale, recently began selling to the US told Bloomberg. 'This is a lose-lose situation," he added. The demise of the loophole For entrepreneurs, the new tariffs and logistical fees of direct shipping now would mean losing $2 on every parcel. Wang noted that to avoid additional costs, Chinese businesses have moved to bulk shipping to US warehouses. However, even that would require an upfront investment of more than 100,000 yuan ($13,800) for inventory and storage. The reason behind the disruption the parcel industry is facing is the demise of the 'de minimis' rule exemption for Chinese and Hong Kong shipments. Before the Trump tariffs, packages valued under $800 could enter the US duty-free. However, since May 2, even those parcels are facing tariffs as high as 54 per cent. The Trump administration said that the measure was taken to get rid of the unfair loophole that the Chinese companies enjoyed. According to Bloomberg, in the week after the tariffs took effect, both Shein and Temu saw a double-digit sales drop, an early sign the punitive measures were eroding their popularity. However, despite the drop, the US remains the largest single destination for China's small parcels, as per the data released by the Chinese authorities. Malaysia followed by taking more than USD 700 million worth of such shipments last month. Meanwhile, China's small parcel shipments to the world rose 40 per cent in May compared to a year ago, with Belgium, South Korea, Hong Kong and Hungary among other large players. STORY CONTINUES BELOW THIS AD With inputs from agencies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store