Trump may not attend if no 5% spending target agreement: Spiegel

Trump may not attend if no 5% spending target agreement: Spiegel

Donald Trump, the 47th President of the United States, has indicated that he may not attend the upcoming G7 summit if no agreement is reached on a 5% spending target. This decision comes amid ongoing negotiations with European allies over fiscal policies and the impact of the ongoing trade disputes.

The G7 summit, scheduled for late May, is a critical meeting where world leaders discuss global economic issues, climate change, and international security. Trump's potential absence could significantly impact the summit's outcomes, as his presence is often a focal point for discussions on economic policies and trade relations.

Trump's stance on the 5% spending target is part of his broader agenda to reduce government spending and promote economic growth. This position is aligned with his administration's efforts to cut federal budgets and reduce the national debt. However, his demand for a 5% spending target has been met with resistance from European allies who argue that such a target is unrealistic and could hinder economic recovery.

The Trump administration's focus on fiscal austerity has been a contentious issue in international relations. While some countries appreciate the U.S.'s commitment to reducing its fiscal deficit, others worry that such policies could lead to economic instability and undermine global cooperation.

The G7 summit is expected to address a range of pressing global issues, including the ongoing trade disputes between the U.S. and its allies, the impact of the COVID-19 pandemic on the global economy, and the need for coordinated efforts to address climate change. Trump's potential absence from the summit could complicate these discussions and potentially derail efforts to reach consensus on key economic and political issues.

References:
[1] https://www.theguardian.com/us-news/2025/apr/29/donald-trump-first-100-days-tracker