Page 5 - 151 Billion News Today

Week with russias vladimir putin before departing the white house, the president gave a preview of what to expect from him when he lands in europ europe. >> nato has not treated as fairly but we will work something else. we pay far too much and they pay far too little. we are being taken advantage of by the european union. weve lost $151 billion last year on trade and on top of that, we spend at least 70% for nato and frankly, it helps them a lot more than it helps us. so we will see what happen...

Confidence about russia and chinese spending. clearly the tone ahead of the presidents trip to europe is anything but cordial. as allies brace themselves for the tsunami of criticism, the president has continued to make about his disdain for their lack of, quote, financial commitment to the alliance. the latest presidential tweet, he says many countries in nato, were expected to defend, are not only short of the current commitment of 2% of gdp, which is low, but theyre delinquent for many years ...

We cannot be taken advantage of. we are being taken advantage of by the european union. we lost $151 billion last year on trade. and on top of that, we spend at least 70% for nato and frankly it helps them a lot more than it helps us. we will see what happens. we have a long, beautiful week. i will say, also, last night was an incredible evening. brett kavanaugh has gotten rave reviews. rave reviews. actually from both sides. and i think its going to be a beautiful thing to watch over the next m...

And they continue they can get away with it. every nato commander always wants the nations 2%. the domestic politics in many of those western european nations where they just dont think they need to spend the money. they have other priorities. >> sandra: the president always the negotiator making the case this morning as to why his demands will help them more than it will help us. listen. >> president trump: we cannot be taken advantage of. were being taken advantage of by the european union. we...

>> president trump: were being taken advantage of by the european union. we lost $151 billion last year on trade. and we spent at least 70% for nato. and frankly, it helps them a lot more than it helps us. so well see what happens. >> dana: president trump speaking out ahead of his departure for the nato summit which is shaping up to be tense. the head of theure peep an union launching a twitter attack pushing back against the presidents complaints about nato sending. president set to land in be...

Not fair to the u.s. taxpayer. on top of that we lose $151 billion on trade with the e.u. charging big tariffs and barriers. the president is setting the tone ahead of his trip to europe where allies are bracing themselves for a tsunami of criticism from the president who has made no secret his disdain for their lack of financial commitment to the alliance. >> president trump: we cannot be taken advantage of. were being taken advantage of by the european union. we lost $151 billion last year on ...

>> none nato, about a half hour ago -- [ inaudible ] >> we do have a lot of allies but we cannot be taken advantage of. were being taken advantage of by the european union. we lost $151 billion last year on trade. on top of that we spend at least 70% for nato and, frankly, it helps them a lot more than it helps us. well see what happens. we have a long beautiful week. ill say also, last night was an incredible evening. brett kavanaugh has gotten rave reviews. rave reviews. actually from both sid...

Allies? >> we cant be taken advantage of. were being taken advantage of by the european union. we lost $151 billion last year on trade. on top of that, we spend at least 70% for nato. frankly, it helps them a lot more than it helps us. >> a little hot fire back and forth there between frenemies this morning. president donald trump and european union counsel president donald tusk ahead of tomorrows nato summit in brussels. the president is on his way to europe right now. before he left, he set up...

>> ian, thank you very much. we appreciate it. the president has just tweeted as well. the european union makes it impossible for our farmers and workers and companies to do business in europe f. u.s. has a $151 billion trade deficit, and then they want us to happily defend it in nato and happily pay for it. >> that trade deficit is misleading. trump only focuses on goods, not services. hes loaded for bare. thats bad for europe, good for putin. ian bremmer, snuck in one more question. apprecia...

>> president trump on twitter, of course, this morning. once again complaining about our trade with europe. quote, getting ready to leave for europe, first meeting, nato. the u.s. is spending many times more than any other country in order to protect them. not fair to the u.s. taxpayer. on top of that, we lose $151 billion on trade with the european union. now the european union we should know does impose tariffs on the occupation, but many of those tariffs are in retaliation for those we impose...