Page 6 - 151 Billion News Today

European council has a message for president trump. be good to your friends. >> america, appreciate your allies, after all, you dont have that many. >> before heading to the nato summit president trump fired back this morning. >> well, we do have a lot of allie, but 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 u...

Summit he not only tweeted about his complaints involving nato spending among the allies, he also pointed out once again an top of this, he said the european union has a trade surplus of $151 billion with the united states with big trade barriers on u.s. no, in all caps. so theres a lot of tension right now between the u.s. and its closest nato allies, not only on spending, but also trade-related issues. da now to the very serious war of words that has developed between lawyers for president t...

United states and nato allies. president trump has criticizing -- criticized nato countries for not boosting their defense spending. >> ill tell nato you have to start paying your bills. the united states is not going to take care of everything. we have $151 billion in trade deficits with the eu. and on top of that, they kill us with nato. they want to protect against russia yet they pay billions of dollars to russia and were the schmucks who pay for the whole thing. $30 billion is projected to ...

>> we have 151 billion dollars in trade deficits with the eu, and on top of that, they kill us with nato. were paying for the whole thing. so then -- by the way, i have to say this, since i came which was a year and a half, almost 33 billion dollars more is projected to be paid by those nato nations but it is not enough. do they ever tell you that? no. neil: all right. the president making very clear thats got to change, that each nato member, all 29 of them, they have to, you know, fork over 2%...

States nato allies. president trump has criticizing nato countries for not boosting their defense spending. >> ill tell nato you have to start paying your bills. the united states is not going to take care of everything. we have $151 billion in trade deficits with the eu. and on autopsy top of that, thes with nato. they want us to protect them against russia yet they pay billions of dollars to russia and were the schmucks who pay for the whole thing. $30 billion is projected to be paid by those ...

Trade. they kill us on other things. they make it impossible to do business in europe. yet they came in and sill their mercedes and bmws to us. so we have $151 billion in trade deficits with the e.u. and on top of that, they kill us with nato. they kill us. so we pay 4% of a huge gdp, which got a lot bigger since i became your president. and germany, which is the biggest country of the e.u., european union, germany pays 1%. 1%. and i said, you know, angela, i cant guarantee it, but were protecti...

In 1957. by 1968 they had built up tariff barriers that were quite effective and have continued them. the president is right that the trade imbalance with europe is primarily a result of differences in tariffs. >> sandra: he really got into the meat of his argument there in this interview with maria bartiromo which aired yesterday morning on fox news channel. talking about the e.u. treating us badly. and treating us quite frankly unfairly and i wonder what the political implications of this mess...

I love those countries. germany and all of the count ris. scotland. -- germany and all of the countries, scotland. they treat us very badly. excuse me, i can say it in a different way. they made last year 151 billion dollars in trade surplus. maria: on america. >> we had a deficit with the eu on top of that we spend a fortune on nato to protect them. maria: president trump weighs in on the emotionally-charged issue of immigration on next and the push by democrats to abolish i.c.e. much more on m...

Maria: if were trying to stop china from stealing from us, which we know is happening. >> it is true. by the way, 300 billion they say thats a lot of money. maria: exactly. would it be better to actually have our allies together to go against china instead of pushing back on our allies like european nations? maria: -- >> the european union, take a look at the car situation, they send a mercedes in, we cant send our cars in. look what they do to our farmers. they dont want our farm products. they...

Last year with the european union -- and we love the european union. and the european of course was set up to take advantage of the united states, to attack our piggy bank. and you know what, we cant let that happen. last year with european union we lost $151 billion on trade. we had a trade deficit of 151 billion because they send the mercedes in, they send the bmws income if they send the products in. they said no thank you, we dont take your product. thats not the way it works. for all those ...