Trump says Nato defence spend rising to 5% of GDP is 'big win' for US and the West
Submitted 13 hours ago by cm0002@lemmy.world to globalnews@lemmy.zip
https://www.bbc.com/news/live/cm2ld0e0rzkt
Submitted 13 hours ago by cm0002@lemmy.world to globalnews@lemmy.zip
https://www.bbc.com/news/live/cm2ld0e0rzkt
Mihies@programming.dev 12 hours ago
Yes, specially for the weapons manufacturing industry in the US or owned by US companies. While US spending stays at 3.4% or so. Wtf, EU, you lost spine entirely?
Oneser@lemm.ee 11 hours ago
I think you’re missing a lot of the context here.
The collective agreement means that 3.5% of GDP will be spent on defense and 1.5% on defense related measures (cybersecurity, infrastructure security etc.). It applies to all countries in the alliance, including the US.
The US already spends around 3.5% on defense according to Reuters and there is no requirement to use US manufacturers over others.
I am not saying increasing defence spending is a good thing, just that you or the headlines have misinterpreted the agreement.
link to Reuters article.
shalafi@lemmy.world 11 hours ago
Europe seems to be turning inwards on defense spending. In any case, what would you ask the EU to do instead? Almost every intelligence agency is predicting a major threat from Russia in the next few years.