Trump administration to cut its financial contribution to NATO

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Trump administration to cut its financial contribution to NATO
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The Trump administration has moved to substantially cut its contribution to NATO's collective budget, according to several US and NATO officials, a symbolic move that comes as many continue to question Pres. Trump's commitment to the transatlantic alliance

Previously the US provided some 22% of NATO's direct funding, which covers the cost of maintaining the NATO headquarters, joint security investments and some combined military operations.It's a largely symbolic move as NATO's direct budget is relatively small, at about $2.5 billion, and is separate from national defense budgets that NATO recommends should stand at 2% of GDP.

Under the new formula, cost shares attributed to most European Allies and Canada will go up, while the US share will come down. This is an important demonstration of Allies' commitment to the Alliance and to fairer burden-sharing," a NATO official told CNN.Pompeo refuses to counter Ukraine conspiracy theory and deflects Trump suggestion he may testifyA NATO diplomat told CNN that the new formula was agreed to this week.

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