Oh dear, this doesn’t bode well for those who are concerned about U.S. imposed 20% auto tariffs on EU, mostly German, automobiles. [NOTE: Pay attention to the timing here as it relates to Nord Stream 2] Germany’s chancellor Angela Merkel has announced she will no longer uphold her prior agreement for NATO military spending.

At the 2014 NATO meeting in Wales, all NATO members agreed they would immediately begin a process to increase their military spending to two percent of GDP. However, over time, and in direct contravention to the purpose of the effort, Germany (Merkel) began secretly working behind the scenes with Russia (Putin) on the Nord Stream II gas pipeline.
The Nord Stream 2 pipeline delivers natural gas from Russia to Germany. That pipeline is expected to go on-line this November, 2019. Today, Angela Merkel announces she will no longer uphold Germany’s financial commitments to NATO. These two issues are directly related. It now looks like Merkel made a back-door agreement with Russia on NATO.
(Via Daily Mail) Germany’s military spending is set to fall below its NATO targets, in the latest flashpoint in Berlin’s long-running row with Washington.
The latest German budget plans, revealed on Monday, will see defence spending drop well below the two per cent of GDP expected from NATO members.
U.S. ambassador Richard Grenell said the cuts were a ‘worrisome signal’, while President Donald Trump has repeatedly accused Germany of freeloading on U.S. military might.
(more…)
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