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NATO Chief Warns Ukraine’s Defeat Could Cost Trillions

NATO Secretary General Mark Rutte warned that a Ukrainian defeat in the ongoing war could undermine NATO’s deterrence, with the cost of rebuilding it potentially reaching trillions. Speaking at a panel during the World Economic Forum in Davos, Rutte urged NATO nations to increase defense spending and support for Ukraine, emphasizing the global implications of the conflict.

Rutte stated, “If Ukraine loses, the price to restore NATO’s deterrence will far exceed current spending, not in billions but trillions.” He highlighted the geopolitical nature of the war, noting cooperation among Russia, China, Iran, and North Korea, and called for unified action to prevent aggression in the 21st century.

He also stressed the importance of continued U.S. involvement in Ukraine, adding that European nations should be ready to finance arms support if a new Trump administration maintains assistance.

Rutte praised proposed U.S. sanctions on Russia, emphasizing their potential to weaken the Russian economy and reduce its war budget. He called on Europe to strengthen its sanctions to further impact Russia’s ability to continue the war.

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EU Warns US Tariffs Could Trigger De Facto Trade Ban

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EU Trade Commissioner Maros Sefcovic warned that a proposed 30% US tariff on European goods would effectively amount to a trade ban, severely disrupting transatlantic supply chains.

Speaking ahead of the EU Foreign Affairs Council in Brussels, Sefcovic expressed disappointment over a letter from US President Donald Trump that halted expected trade progress. “We were close to an agreement,” he said, but now “must prepare for all outcomes.”

The EU has delayed retaliatory measures on $72 billion worth of US goods until August 1, hoping for a negotiated resolution. Sefcovic emphasized that “no one wants a trade war,” while France urged faster preparation for countermeasures and Hungary blamed the EU Commission’s weak response to US pressure.

Danish and Lithuanian ministers echoed calls to avoid escalation but emphasized EU readiness to defend its interests.

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