Trump says he is ‘stable genius’ after securing extra Nato funding
The US president had sent shockwaves through the alliance at a summit in Brussels after threatening to pull out of the organisation.
Donald Trump has backed down over threats to pull the US out of Nato after other leaders agreed to increase defence spending “like they never have before”.
The US president described himself as a “very stable genius” for securing agreements for extra cash after years of the burden falling on America.
Mr Trump said he told counterparts on Wednesday that he was “extremely unhappy” with the lack of progress being made towards meeting the alliance target of spending 2% of GDP on defence.
But he said that since last year around an additional 33 billion dollars, not including the United States, had been raised and it was now “unnecessary” to withdraw from the organisation.
“The United States’ commitment to Nato remains very strong,” he said.
Presidents have been trying unsuccessfully for years to get Germany and other rich NATO Nations to pay more toward their protection from Russia. They pay only a fraction of their cost. The U.S. pays tens of Billions of Dollars too much to subsidize Europe, and loses Big on Trade!— Donald J. Trump (@realDonaldTrump) July 12, 2018
Mr Trump said Nato was “probably the greatest” but the US had been paying between 70-90% towards it.
Speaking in Brussels, he told reporters: “Yesterday, I let them know I was extremely unhappy with what was happening and they have substantially upped their commitment.”
Nato was now “much stronger than it was two days ago”, he said.
“I believe in Nato,” he added.
Mr Trump said that once all Nato nations were up to 2% of GDP on defence spending “we will talk about going higher”, adding that he thought 4% was the “right number”.
But French president Emmanuel Macron denied there had been an agreement to boost spending over 2%.
Mr Macron said: “There is a communique that was published yesterday. It’s very detailed.”
He added: “It confirms the goal of 2% by 2024. That’s all.”
He also denied reports that Mr Trump had threatened to withdraw the United States from Nato.