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                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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U.S. Urges Canada and NATO Allies to Meet 2% Defense Spending Target


The upcoming NATO Summit in Washington is set to address a pressing issue: defense spending commitments among member nations. While most allies have made strides toward meeting the 2% of GDP target, Canada remains an outlier. In this article, we explore the challenges faced by Canada and the potential consequences of failing to step up its defense investment.

Canada’s Lagging Commitment

Canada, one of NATO’s founding members, pledged in 2014 to allocate 2% of its GDP to defense spending. However, it has consistently fallen short of this goal. Unlike many other NATO countries, Canada has not only missed the 2% benchmark but also failed to allocate 20% of that spending to new equipment. This stance has frustrated allies across the board.

Allies’ Frustration

Diplomats from various NATO countries express their frustration with Canada’s lack of urgency. Despite its strong economy and historical alliance with the U.S., Canada has not prioritized defense spending. European allies, who face criticism for their own efforts, feel that Canada escapes similar pressure from Washington.

Potential Consequences

As the NATO Summit approaches, allies are expected to press Ottawa to fulfill its commitment. Failure to do so could have serious implications. Moreover, concerns arise about the potential return of Donald Trump to the White House, which might exacerbate the situation.

Conclusion

Canada’s diplomatic standing and military readiness are at stake. The NATO Summit serves as a crucial moment for Canada to address its defense spending shortfall and demonstrate its commitment to collective security.


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