Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.

Stories

Report: Trump plans premium for countries hosting U.S. troops

 United Nations Command honour guards hold flags during a repatriation ceremony for the remains of an unidentified Korean War UN forces soldier at a US Army base in Seoul on November 20, 2018.
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.

Go deeper: America's resurgent hegemony

More stories loading.