Trump Inspires Confusion at NATO and Anger in London
*By Alisha Haridasani*
President Trump on Thursday wrapped the NATO summit, leaving behind a trail of confusion, and landed in London where he faces chaos and anger.
The president, despite hurling [criticism](https://cheddar.com/videos/trump-wastes-no-time-attacking-allies-at-nato-summit-in-brussels) at the military alliance for days, reaffirmed American commitment to the organization.
“I believe in NATO,” he said in an press conference in Brussels. He then went on to proclaim that NATO members had agreed to increasing their defense spending.
Moments later, though, French president Emmanuel Macron disputed Trump’s claims, saying all 29 members had re-committed to the previous spending target of 2 percent of their GDP.
The confusion was further compounded by Trump's reported behavior in private meetings with NATO leaders, where he was characteristically combative and threatened to pull out of the alliance unless members met their 2 percent targets by January.
Trump is now in London to meet with Prime Minister Theresa May in what is his first visit to the British capital since becoming president.
May was the first foreign leader to visit Trump at the White House in 2017 and invited him to visit her country in an attempt to solidify the decades-long 'special relationship' between the UK and the U.S.
Trump, however, soured that relationship many times. He slammed London Mayor Sadiq Khan for mishandling the aftermath of the June terror attack in the British capital. Trump also controversially retweeted a video from a far-right British party, a move that drew the ire of many Britons.
All of these incidents added pressure on May to revoke her invitation to Trump. Instead, what had been an state visit was downgraded to a working visit, which means the Queen does not officially host the president and the first lady as she has done with previous U.S. presidents. But Trump will still meet with the Queen at Windsor Castle on Friday. During a state visit, foreign leaders are invited to address the British Parliament ー Trump will not be given that chance.
Prior to his flight from Brussels to London, Trump said: "I think they like me a lot in the UK."
Tens of thousands of protesters would disagree. Trump's visit has inspired Londoners to pull together a “Carnival of Resistance” that will feature massive crowds marching through the streets, a giant balloon of a baby Trump floating in the skies, and a group of people blaring trumpets to make a ["bad noise for bad times"](https://www.facebook.com/Trumpets-Against-Trump-1834111463526077/).
"Having a special relationship means that we expect the highest standards from each other," said Mayor Khan, who signed off on the baby balloon. "It also means speaking out when we think the values we hold dear are under threat."
After London, Trump will head to Finland on Monday to meet with Russian president Vladimir Putin, a one-on-one private conversation that has raised concern among global allies and [congressional lawmakers](https://cheddar.com/videos/rep-meeks-trump-is-putting-russia-first) back at home.
Transportation Secretary Pete Buttigieg joined Cheddar's Michelle Castillo from South By Southwest to boost President Biden's bipartisan infrastructure legislation and talk about the big transportation issues of the day, including electric vehicle charging infrastructure and the future of public transit. "It means we have a huge wind at our back delivering on the kinds of transportation solutions that are going to define the 2020's 2030s, 2040s even," he said. "And that's what makes it exciting to come to South by Southwest and talk with some of the people who are following these technologies and ideas the most closely and talk about where we're headed." Buttigieg also touched on the "Don't Say Gay" legislation in Florida, noting that such legislative pushes were likely coming from politicians deflecting from lacking answers to pressing economic concerns, in his opinion.
Following President Biden's executive order that could lead toward regulating digital currency in the United States. Representative Josh Gottheimer (D-N.J. 5th District), the congressman responsible for proposing a bill to regulate stablecoins, digital assets backed by fiat currencies, joined Cheddar News to discuss the bill. "I just want to make sure that we're doing everything we can to be helpful to encourage this innovation and growth here in the United States," he said.
European antitrust regulators gave Amazon approval for its MGM acquisition deal. Amazon expects MGM's collection of content will help it compete in the increasingly crowded world of streaming services.
Lisa Whalen, managing director of automotive and mobility analysis at Morning Consult, joins Cheddar News to discuss Uber and Lyft's decision to enact price surcharges on riders.
Senator Jon Tester (D-Mont.) joined Cheddar News to talk about a range of topics including Sarah Bloom Raskin's recent withdrawal as a nominee to the Federal Reserve, the impact the Federal Reserve will have on inflation, and the ongoing crisis in Ukraine. "I think it's unfortunate she had to withdraw. I think she was very, very qualified for the position by everything she's done in her past, especially in the area of cyber," he said. "She would have been good to have on the Fed."
With a zero-covid policy in China, country officials are imposing lockdowns in the region in an attempt to control the spread. With China being home to about one-third of global manufacturing, these lockdowns are wreaking havoc on the already fragile supply chain, causing disruption to production of phones and cars alike. Suketu Gandhi, Supply Chain Partner at Kearney joined Cheddar's Azia Celestino to discuss.
Markets opened higher this morning as oil prices fall and investors await a decision from the Federal Reserve. Keith Fitz-Gerald, Chief Investment Officer, Fitz-Gerald Group joined Cheddar's Opening Bell to discuss.
Catching you up on what you Need to Know on March 16, 2022, with updates on Ukraine and Russia, a container ship gets stuck in the Chesapeake Bay, Disney employees stage a walkout over the "Don't Say Gay" law in Florida, and NASA completes its first spacewalk of 2022.
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Ukrainian President Volodymyr Zelenskyy has summoned the memory of Pearl Harbor and the Sept. 11 terror attacks in an impassioned video plea to Congress to send more help for Ukraine’s fight against Russia.
