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Trump in Brussels. Photo: Sean Gallup/Getty Images

President Trump called an emergency meeting of NATO leaders at the summit in Brussels on Thursday, then held a surprise press conference and said there was a "tremendous amount of progress today."

Why it matters: At the meeting, Trump threatened to "do his own thing" if member countries do not immediately increase defense spending commitments, the Washington Post's Michael Birnbaum and Phil Rucker report, citing officials briefed on the events. Some diplomats reportedly interpreted Trump's comments as a threat to withdraw from NATO.

Details:

  • "Trump told NATO leaders that if they did not meet their defense spending targets of 2 percent of gross domestic product by January, the United States would go it alone, according to two officials briefed on the meeting."
  • "Trump scolded leaders here and singled out some specific countries, including Germany and Spain."

Speaking to reporters after the emergency meeting, Trump said, "I told people that I'd be very unhappy if they didn't up their financial commitments substantially."

  • "Everyone’s agreed to substantially up their commitment. They’re going to up it at levels that they’ve never thought of before,” Trump said. Macron later refuted Trump and said NATO leaders did not agree to increase defense spending to more than 2% of GDP.
  • Trump again called himself a "very stable genius" and claimed he got NATO countries other than the U.S. to contribute an additional $33 billion to defense spending "since last year."

Go deeper: NATO strengthened at summit despite Trump's threats

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.