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Scott Bessent: “When President Trump came in in his first term, the European…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Conversation with Scott Bessent, US Secretary of the Treasury | WEF Annual Meeting 2026

Published | Video Starts at 07:33

Well, look, I think that the NATO alliance is very safe, sound, and thanks to President Trump, it's never been more secure. When President Trump came in in his first term, the European countries and Canada were not meeting their spending quote as percent of GDP. Now they are. They got a lot of catch up to do. And Maria, to put it in perspective, the United States of America since 1980 has contributed $22 trillion more dollars or spent $22 trillion more dollars on defense than all of NATO. (07:33–07:49)

CLAIM

Asserts that European countries and Canada are now meeting their defense spending quotas as a percentage of GDP.

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