Monday, April 28, 2025

Latest

US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’

Jake Sullivan, US President Joe Biden’s national security adviser, has called on Canada and other NATO countries to reach the alliance’s military spending target of 2% of GDP “as rapidly as humanly possible.” Speaking on the sidelines of the Liberal cabinet retreat in Halifax, Sullivan addressed Canada’s recent commitment to meet this threshold by 2032.

While welcoming Canada’s “historic” pledge to increase military spending, Sullivan emphasized the Biden administration’s desire to see faster progress. He noted that under Biden’s leadership, the number of NATO countries meeting or exceeding the 2% target has grown from 9 to 23 out of 32 member states.

The 2% guideline, established at the 2014 NATO summit in Wales, aims to ensure the alliance’s military readiness and capacity. Canada has historically lagged behind most NATO allies in defense spending, with expenditures below 1% of GDP during Stephen Harper’s Conservative government.

Related: Canada’s NATO Defense Spending to Fall Shorter Than the Government Projects, Watchdog Reports

Prime Minister Justin Trudeau’s recent commitment to reach the 2% target by 2032 comes after criticism from high-ranking US Republicans, including House Speaker Mike Johnson and Senate Leader Mitch McConnell, who accused Canada of inadequate military spending.

The Canadian military has suggested that acquiring new submarines and upgrading its tank and light-armored vehicle fleet could help achieve the spending goal. However, a detailed plan has yet to be announced.

Canada may even fall farther behind as some NATO allies are already considering raising the target to 2.5% to better address growing security challenges faced by member nations.

Sullivan’s visit to Halifax occurred en route to China for high-level meetings amidst tense US-China relations. He also addressed the potential for coordinated approaches between the US and Canada on issues such as tariffs on Chinese-made electric vehicles.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Federal Government Working on Extending CERB Payments for Canadians

As announced earlier, the Canadian Federal government is currently coming up with a plan to...

Tuesday, June 16, 2020, 07:14:00 PM

Erin O’Toole Reveals He Was Targeted By China Before 2021 Election

Former Conservative leader Erin O’Toole has revealed that he was targeted by a misinformation and...

Thursday, June 1, 2023, 10:54:41 AM

Canada’s Inflation Levels Accelerate by Most Since Beginning of Pandemic

It appears that Canadians are beginning to experience some of the price pressures associated with...

Thursday, December 17, 2020, 10:01:00 AM

Canadian Consumer Confidence Jumps to New Record Amid Reopening Efforts

Consumer confidence among Canadians soared to yet another record last week, as key regions across...

Wednesday, May 26, 2021, 02:19:00 PM

Businesses In Canada Don’t Want To Invest, New Study Reveals

A recent C.D. Howe Institute study revealed that business investment in Canada — which has...

Thursday, August 25, 2022, 12:38:00 PM