Name: Speaking at Davos, U.S. Treasury Secretary Scott Bessent defends Donald Trump's tariff strategy, arguing that Europe and Canada underfunded defence for decades—choosing to prioritise social welfare instead—while the U.S. absorbed the cost. "They got a lot of catch-up to do." "The United States of America, since 1980, has... spent 22 trillion more dollars on defence than all of NATO." "Europeans have been spending the money on social welfare... and it's time for them to pay more."
Uploaded: 2026-01-20T18:04:42.480Z
Channel: Daily News

Daily News on GETTR: Speaking at Davos, U.S. Treasury Secretary Scott B...

Speaking at Davos, U.S. Treasury Secretary Scott Bessent defends Donald Trump's tariff strategy, arg...