Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Sunday, June 29, 2025
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

NATO defense deal to rebalance EU-U.S. trade relations: Antonio Costa

June 27, 2025
in News
Reading Time: 2 mins read
A A
NATO defense deal to rebalance EU-U.S. trade relations: Antonio Costa
0
SHARES
ShareShareShareShareShare

READ ALSO

Tesla first driverless delivery new car to customer

Jeffrey Bland’s daily routine as the ‘father of functional medicine’

BRUSSELS, BELGIUM – DECEMBER 18: President of the EU Council Antonio Luis Santos da Costa talks to media (Photo by Thierry Monasse/Getty Images)

Thierry Monasse | Getty Images News | Getty Images

NATO’s agreement to more than double allies’ defense spending targets will rebalance Europe’s trade relations with the U.S. and see the region buy more American weaponry, European Union Council President Antonio Costa told CNBC on Friday.

Earlier this week, NATO allies agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035.

The move has solved the main trade-related issue between Europe and the United States, Costa told CNBC’s Silvia Amaro.

“What we have decided to do is strengthen our position and to assume greater responsibilities in our own defense. Then I think we solved already the main issue, and then I think the path is paved to solve the other issues,” he said.

At least some part of this higher defense expenditure will be used to “buy American,” according to Costa.

“And of course, if we buy more American, that means then the trade relations rebalance. Then that’s the reason — because I have said always that we cannot separate these two negotiations about defense — [that this] was the most important issue for the United States, and [it] is already solved.”

NATO defense deal to rebalance EU-U.S. trade relations: Antonio Costa

Costa, who served as prime minister of Portugal up until last year, reiterated Trump’s previous statements that the military agreement is a “big win,” adding that it effectively rebalances the burden sharing on defense.

The EU is among the trade partners rushing to strike an agreement with Washington ahead of U.S. President Donald Trump’s early July deadline for hiking so-called reciprocal tariffs on imports from nearly all countries.

Steps toward a deal were made this week after the U.S. presented the European Commission with a new proposal. Markets were also buoyed by the Thursday announcement from White House Press Secretary Karoline Leavitt that the July 8 and 9 deadlines for restarting tariffs on nations are “not critical.”

“Perhaps it could be extended, but that’s a decision for the president to make,” Leavitt said.

When asked whether the EU could reach a deal ahead of the July deadlines, Costa said the European Commission is currently assessing the White House’s trade proposal.

“Both parties are very engaged to find a solution, and I hope that we will and that we achieve this before the ninth of July,” he said.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Quantum computing having a moment. But the technology is futuristic

Next Post

‘AI rollup’ investors think services firms can trade more like software companies. Here’s what they get wrong

Related Posts

Tesla first driverless delivery new car to customer
News

Tesla first driverless delivery new car to customer

June 29, 2025
Jeffrey Bland’s daily routine as the ‘father of functional medicine’
News

Jeffrey Bland’s daily routine as the ‘father of functional medicine’

June 28, 2025
When to pay someone else to do your laundry
News

When to pay someone else to do your laundry

June 28, 2025
Nvidia notches 5-day win streak as it hits record highs
News

Nvidia notches 5-day win streak as it hits record highs

June 28, 2025
Supreme Court limits judges’ power to halt Trump’s birthright citizenship order
News

Supreme Court limits judges’ power to halt Trump’s birthright citizenship order

June 27, 2025
Jeff Bezos -million Venice wedding: what we know
News

Jeff Bezos $50-million Venice wedding: what we know

June 27, 2025
Next Post
‘AI rollup’ investors think services firms can trade more like software companies. Here’s what they get wrong

‘AI rollup’ investors think services firms can trade more like software companies. Here’s what they get wrong

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Stocks sink amid instability in the Middle East, Fed decision

Stocks sink amid instability in the Middle East, Fed decision

June 18, 2025
He quit his job to start an eBay business—today, it brings in millions

He quit his job to start an eBay business—today, it brings in millions

June 27, 2025
Jets defense still rife with question marks after disastrous season

Jets defense still rife with question marks after disastrous season

June 4, 2025
Tombot secures .1M for robotic pet

Tombot secures $6.1M for robotic pet

June 13, 2025
Elon Musk’s feud with Donald Trump is hugely damaging to Tesla but don’t expect any action from the board

Elon Musk’s feud with Donald Trump is hugely damaging to Tesla but don’t expect any action from the board

June 7, 2025
Trump wanted an Iran nuclear deal fast. Now he may get military confrontation

Trump wanted an Iran nuclear deal fast. Now he may get military confrontation

June 12, 2025
Dentist Matt Vogt living out impossible US Open dream

Dentist Matt Vogt living out impossible US Open dream

June 10, 2025

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Republicans face a possible make-or-break moment as Senate eyes key vote on Trump’s tax bill
  • Tesla first driverless delivery new car to customer
  • The horse race tragedy that united a family in heartbreak
  • Chief Justice Roberts warns against elected officials’ heated political words about judges

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In