*By Alisha Haridasani* Barely hours into the NATO summit in Brussels, President Trump has already spurned key allies and ramped up criticism against the organization. Trump on Wednesday accused Germany of being a “captive of Russia” for using Russian oil and gas. He also, once again, called on other countries in the military alliance to increase their contribution to defense spending. German Chancellor Angela Merkel pushed back, though, reminding the president that she knows what it's really like to be occupied by the Soviet Union. “I have experienced myself how a part of Germany was controlled by the Soviet Union. I am very happy that today we are united in freedom,” she said. “Because of that we can say that we can make our independent policies and make independent decisions.” She also pointed out that while Germany doesn’t contribute as much towards NATO’s defense spending as America, it is “the second largest provider of troops.” The president of the European Council, Donald Tusk, also warned the president to “appreciate your allies.” “After all, you don’t have that many,” he said on Tuesday before the summit officially got underway. Trump has long voiced his [opposition](https://cheddar.com/videos/why-president-trump-is-bearish-on-nato?utm_source=All+Subs&utm_campaign=6a3cd99c82-EMAIL_CAMPAIGN_2018_07_10_06_34&utm_medium=email&utm_term=0_4b7ac66387-6a3cd99c82-) to the military alliance, taking particular issue with America’s large contribution to spending compared with other member countries. NATO set a spending goal for all 29 members in 2014, asking them to aim to contribute 2 percent of their GDP to defense. America currently pitches in more than 3 percent of its GDP, and only four other countries have met the 2 percent target. Back home, Republican lawmakers see the president’s aggressive demands as a positive. “This is an objective of NATO that Trump is reiterating,” said [Rep. French Hill (R-Ark.)](https://cheddar.com/videos/rep-hill-trump-is-right-to-pressure-nato-allies-into-paying-more). “It’s not a new commitment, and it’s a commitment that predates Mr. Trump’s presidency. I’m fully supportive of it.” A few days after meeting with NATO, an alliance that was founded after WWII to counter Soviet Union aggression, Trump will meet with Russian president Vladimir Putin one-on-one in Helsinki, Finland. That meeting, which Trump has said “may be the easiest of them all,” is a source of concern for American allies and lawmakers alike, who worry that he may make too many concessions. Members of the House Foreign Affairs Committee on Tuesday sent the president a [letter](https://democrats-foreignaffairs.house.gov/news/press-releases/forty-four-armed-services-and-foreign-affairs-committee-democrats-release), urging him to “not praise, condone, or abet any Russian efforts to undermine the sovereignty or democracy of any of our allies and partners.” “President Trump must recognize the importance that our forward military presence and joint military exercises play in deterring Russia and ensuring military readiness,” the letter states, responding to [reports](https://www.washingtonpost.com/world/national-security/us-assessing-cost-of-keeping-troops-in-germany-as-trump-battles-with-europe/2018/06/29/94689094-ca9f-490c-b3be-b135970de3fc_story.html?utm_term=.8ccfeaba8548) that the Pentagon is considering reducing America’s military presence in Europe and alluding to Trump’s decision to end military exercises on the Korean peninsula after meeting with North Korean leader Kim Jong-un. “This president says ‘America First’ but it seems as though he’s saying ‘Russia First’ or ‘North Korea First’,” said [Rep. Gregory Meeks (D-NY)](https://cheddar.com/videos/rep-meeks-trump-is-putting-russia-first) who sits on the House committee that wrote the letter. “It seems as though this president enjoys to give away the store to individuals who have been antagonistic towards us.”

Share:
More In Politics
All Hands Celebrates Black History Month
All Hands celebrates Black History Month by highlighting achievements in inclusivity and paying homage to those who have fought for equal rights. Rep. Maxine Waters (D-CA) joins Cheddar News to discuss voter suppression; Damali Peterman, CEO of Breakthrough ADR, elaborates on the biggest barriers for Black professionals; Andre Perry, senior fellow of Brookings Institution, dives into student loans and the racial wealth divide; and lastly, BET CEO Scott Mills discusses the company's initiatives for 2022.
Black History Being Made On Capitol Hill
All month long Cheddar News is celebrating Black History Month. In our nation’s capital, Black history is being made right now. cheddar's own Arielle Hixon puts the spotlight on three lawmakers making that happen, Rep. Lauren Underwood (D-IL), Rep. Cori Bush (D-MO), and Sen. Tim Scott (R-SC).
Rep. Maxine Waters on Voter Suppression, SCOTUS During Black History Month
Representative Maxine Waters (D-Calif. 43rd District) joined Cheddar News to talk about the current political climate in America, including efforts to roll back voting rights in multiple states in light of Black History Month. "Why do we have to deal with those who still believe that somehow this country only belongs to the whites of the country and that somehow they have to do everything that they can to undermine our voting and do voters suppression to keep us from being influential and at the table by which to solve problems?" she asked. Waters chided "two Democrats" who she said were stymying attempts to rectify the issue and also spoke on President Biden’s promise to nominate a Black woman to the Supreme Court.
Interest Rates Remain Unchanged Though Hikes Loom
Wall Street saw another volatile day after the Federal Reserve left rates unchanged for now, with plans to raise rates in March at its next meeting in order to ease inflation. Fed Chair Jerome Powell said the Fed has not made decisions on the size of rate increases, adding that the Fed is not trying to get inflation below two-percent. Ken Johnson, CFA and Investment Strategy Analyst explains why Powell thinks that high inflation is a significant threat to the labor market.
Factorial Energy Raises $200 Million to Accelerate Commercialization of Its Solid-State Batteries for Electric Vehicles
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
Load More