Report: Trump plans premium for countries hosting U.S. troops
U.N. Command honor guards hold flags during a repatriation ceremony for the remains of an unidentified Korean War soldier at a U.S. Army base in Seoul. Photo: Jung Yeon-je /AFP/Getty Images
The Trump administration plans to demand that any country hosting U.S. troops on its soil cover their cost — along with an at least 50% premium for "the privilege of hosting them" — according to a Bloomberg report.
Why it matters: Bloomberg reports that President Trump wants to use this "Cost Plus 50" formula as a tool for increased defense revenue, but it could cause close allies like South Korea and Germany to spend up to as much as 5 or 6 times more to host American troops. Last month, South Korea agreed to pay the U.S. almost $1 billion to station U.S. troops — a sharp increase from the previous $800 million agreement.
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