European Council President Antonio Costa said that the agreement reached between Europe and US President Trump to increase military spending will help resolve a transatlantic trade war because a large part of the additional funds will be used to buy American weapons. Costa is one of the two most senior EU officials. Speaking about the new military spending target in an interview, Costa said, “Of course, a large part of this 5% of military spending will definitely be used to buy American products, which will help rebalance the trade relationship between the US and Europe.” “This agreement reached at the North Atlantic Treaty Organization summit paved the way for an agreement on trade issues as soon as possible,” he said.

European Council President Antonio Costa said that the agreement reached between Europe and US President Trump to increase military spending will help resolve a transatlantic trade war because a large part of the additional funds will be used to buy American weapons. Costa is one of the two most senior EU officials. Speaking about the new military spending target in an interview, Costa said, “Of course, a large part of this 5% of military spending will definitely be used to buy American products, which will help rebalance the trade relationship between the US and Europe.” “This agreement reached at the North Atlantic Treaty Organization summit paved the way for an agreement on trade issues as soon as possible,” he said.