President also plans to ask for "financial contribution" for maintenance of remaining troops, European diplomatic source said.

The return of Trump will once again put European defense spending levels at the center of the United States’ approach to NATO. Over the past several years, NATO members have boosted investments, with about 20 out of 32 members hitting the alliance’s benchmark of spending 2% of gross domestic product on defense.

NATO defence ministers will seek to reach a deal on new capability targets a few weeks before their leaders meet in The Hague on June 24-26, the chief of the bloc's Military Committee, Dutch Admiral Rob Bauer, told Reuters in an interview.

WASHINGTON - President Donald Trump said on Thursday that the "Golden Age" of America had begun and that it was "back and open for business" while addressing business and political leaders gathered at the World Economic Forum’s annual meeting in Davos, Switzerland.

President Donald Trump touted a new $600 billion investment from Saudi Arabia during a speech to world leaders in Davos.

In December, the United Kingdom joined the Comprehensive Security Integration and Prosperity Agreement. More countries will follow. C-SIPA, as the still-small grouping is known, could soon become the NATO of the Middle East.

Defense Minister Boris Pistorius has told DW that Europe must take on a greater security load whoever is in the White House. But he said he was not worried about the future of NATO despite the change of US leadership.

Trump laid out his American First program to the international business elite Thursday with a speech demanding that NATO nations more than double their defense spending.

President Donald Trump on Thursday signed an executive order that aims to ease regulation on cryptocurrency, seeking to fulfill the policy promises he made to the industry after courting its cash and support throughout the 2024 campaign.

President’s Oval Office chat with Fox host covers everything from pardoning of January 6 defendants to the future of TikTok and Los Angeles wildfires

Berlin: Donald Trump s return to the White House has darkened the mood in Germany a month before elections, as multiple crises shake the foundations