logo
World leaders flock to meet with Trump at NATO Summit

World leaders flock to meet with Trump at NATO Summit

Fox News25-06-2025
President Donald Trump took part in a flurry of greetings with world leaders eager to get face time with the U.S. president during his brief stint at the NATO Summit.
Upon arriving, the president was welcomed by Dutch royals — King Willem-Alexander, Queen Maxima, and their daughter Crown Princess Amalia. He became the first president to stay at the king's palace, Huis ten Bosch Palace.
"I had breakfast with the king and queen this morning — beautiful people," Trump said. "I slept beautifully."
He participated in photo ops with world leaders from across the political spectrum — friend and foe alike — and received fawning praise from NATO Secretary General Mark Rutte, who likened him to the father of the alliance.
"Daddy has to sometimes use strong language," Rutte said in defense of Trump's expletive-laden criticism of Israel and Iran for threatening the ceasefire he negotiated.
The president was riding high amid warming relations with the alliance he previously threatened to pull out of. After months of combativeness with Europe over defense spending and liberal policies, Trump praised the alliance for agreeing to his demand to raise its defense spending target to 5% of GDP.
"Believe it or not, allies have increased spending by $700 billion," Trump said in a news conference. "This week, the NATO allies committed to dramatically increase their defense spending to that 5% of GDP, something that no one really thought possible."
Even Spain — the only nation not to agree to commit 5% to defense — got a relatively mild drubbing from the president.
"I like Spain. I have so many people from Spain. It's a great place, and they're great people. But Spain is … the only country out of all of the countries that refuses to pay. And, you know, so they want a little bit of a free ride," he said.
It was certainly a different tone from Vice President JD Vance's address at the Munich Security Conference.
"The threat that I worry the most about vis-à-vis Europe is not Russia. It's not China. It's not any other external actor," Vance said at the time. "What I worry about is the threat from within the retreat of Europe from some of its most fundamental values, values shared with the United States of America."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CCTV Script 13/08/2025
CCTV Script 13/08/2025

CNBC

time8 minutes ago

  • CNBC

CCTV Script 13/08/2025

The market has largely viewed the latest overnight release of the Consumer Price Index (CPI) inflation report in a positive light. The nominal CPI rose by 2.7% year-on-year, slightly below the expected 2.8%. The report also indicated stronger-than-expected inflation in service, while goods inflation came in lower than anticipated. These figures have reinforced market expectations for a rate cut and boosted the performance of U.S. stocks overnight. Specifically: All three major U.S. stock indices rose by more than 1% overnight, with the S&P 500 and the tech-heavy Nasdaq Composite both closing at record highs. According to CME FedWatch, the market's probability of a 25-basis-point rate cut by the Federal Reserve in September has increased from 85.86% the previous day to 94.93%. Although the market widely expects a rate cut in September, the focus among those supporting the move varies. Some are paying attention to inflation trends, while others are closely monitoring employment data. First, regarding the impact of Trump's tariff policies on inflation, expert opinions are divided. One camp argues that the effect of tariffs on U.S. inflation is actually quite limited. "Now you have six months of evidence, I don't really think tariffs cause inflation. Taxes don't cause inflation. And so what you're seeing in the data is very muted effects that are one time increases in the price level." It's worth noting that James Bullard is currently considered a top candidate for the next Federal Reserve Chair. In an interview with CNBC overnight, he also stated that he expects the Fed to cut rates by a total of 100 basis points over the next year. Meanwhile, another camp in the market warns that the impact of tariffs on inflation may gradually become more apparent in the future. Experts caution that, in addition to nominal CPI, it's crucial to monitor the trajectory of core CPI. "We are seeing a little bit of an uptick in the sequential core inflation and underlying inflation data. And I think a large part of that is the moderate impact we're seeing of tariff pass through that that is likely to grow in the months ahead." Additional analysis points out that while businesses may absorb costs in the short term, they will ultimately pass them on to consumers, particularly in industries with already narrow profit margins. "For instance, groceries, I mean, there's very little margin there. They're going to, you know, your tomato prices are going to go up because of because they can't really absorb, you know, those prices. It's just a matter of time that this, that the tariff related inflation starts to show up in the data." Finally, it's noteworthy that no consensus has yet been reached within the Federal Reserve regarding the pace of future rate cuts. Currently among Fed officials, Michelle Bowman and Christopher Waller represent the dovish camp advocating for . However, Jeffrey Schmid, President of the Kansas City Fed struck a hawkish tone overnight, arguing for . With moderate voices further complicating the divide, analysts suggest that even if the Fed initiates a cut in September, the pace may remain measured due to persistent internal disagreements.

CNBC Daily Open: Trump's 'peace' for Ukraine doesn't seem like what Zelenskyy wants
CNBC Daily Open: Trump's 'peace' for Ukraine doesn't seem like what Zelenskyy wants

CNBC

time8 minutes ago

  • CNBC

CNBC Daily Open: Trump's 'peace' for Ukraine doesn't seem like what Zelenskyy wants

There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow's war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a "listening exercise" that allowed Trump to get a "better understanding of how we can hopefully bring this war to an end." Prior to the summit, analysts were already casting doubt on the talks advancing any real ceasefire in Ukraine. "Let's be clear, Putin does not take Trump seriously," Tina Fordham, founder of Fordham Global Foresight, told CNBC. And the fact that the summit was scheduled — and Putin invited to Alaska, the first time he stepped on U.S. soil in about a decade — was already a "big win" for the Kremlin leader, according to a comment by Richard Portes, head of the economics faculty at the London Business School, before the meeting took place. While no agreement was reached, Trump on Friday described the meeting as "very productive" — and announced the next day that he would be pursuing a "peace agreement" rather than a ceasefire between Russia and Ukraine. But peace means very different things to the Ukraine, Russia and America. To one, it could be the complete halt of armed warfare and the retreat of foreign troops from its soil. To another, it might seem like acquiring annexed territory. And for some, it might look like a shiny golden coin engraved with the profile of Alfred Nobel, regardless of the prerequisites. Trump calls on Ukraine to 'end the war with Russia.' The U.S. president on Sunday said that Ukrainian President Volodymyr Zelenskyy can either stop the conflict or "continue to fight." Putin has agreed that the U.S. and European nations could give Ukraine "Article 5-like" security guarantees, the White House said. OpenAI in share sales talk that would value it at $500 billion. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a source. The Dow Jones Industrial Average outperforms. Major stock indexes ended Friday mixed, with the Dow Jones Industrial Average rising a fractional 0.08%. Asia-Pacific markets mostly rose Monday. China's CSI 300 hit its highest level since October 2024. A trip by U.S. trade officials to India has been called off. The visit, which was expected to take place between Aug. 25 and Aug. 29, will likely be rescheduled, according to Indian news broadcaster NDTV Profit. [PRO] Fedspeak to parse for the week. Minutes for the U.S. Federal Reserve's August meeting come out Wednesday, while Fed Chair Jerome Powell will speak at Jackson Hole, a symposium of economic policy, on Friday. They may give clues on policy path. This Asian data center hub is grappling with the massive costs of AI: energy and water Johor, a state at the southern tip of Malaysia, has quietly become one of Southeast Asia's fastest-growing data center hubs amid the heightened compute demands of AI. Though that has created new economic opportunities and jobs, there are signs the industry is pushing the limits of the state's energy capacity and natural resources, with officials slowing approvals for new projects.

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