NATO’s agreement to more than double allies’ defense spending targets will rebalance Europe’s trade relations with the U.S. and see the region buy more American weaponry, European Union Council President Antonio Costa told CNBC’s Silvia Amaro.
➡️ The move has solved the main trade-related issue between Europe and the United States, Costa said.
➡️ At least some part of this higher defense expenditure will be used to “buy American,” he added.
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