Motilal Oswal
    NIFTY 50
Motilal Oswal
Jul 12, 2018 07:00 AM IST | Economy

Trump lashes Germany, demands allies double NATO spending

Having lambasted NATO members for letting US taxpayers pay to keep them safe from Russia by failing to spend a target two percent of national income on defence, Trump told fellow leaders he would prefer a target of four percent of GDP - similar to US levels.
Before the other leaders gathered, Trump told Stoltenberg that Germany was wrong to support an $11-billion Baltic Sea pipeline to import even more Russian gas while being slow to meet targets for NATO spending to protect against Russia.
Trump appeared to substantially overstate German reliance on Russian energy and to imply Berlin was funding a pipeline which German Chancellor Angela Merkel says is a commercial venture.
Trump lashes Germany, demands allies double NATO spending
Published Date: Jul 11th, 2018 10:21 PM | Updated Date: Jul 12, 2018 07:00 AM IST
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