Luxembourg is eating Trump’s lunch. Sad!

President Trump couldn’t buy Greenland from Denmark. In response, he tweeted that most NATO members don’t pay their fair share.

For example, Belgium, home of the NATO headquarters, spends only 0.93% of its GDP on defense. But the worst offender is Luxembourg at 0.55%.

Defense expenditures of NATO member states. Graph tweeted by Trump.

At the same time, Luxembourg is enabling massive tax arbitrage for American multinationals like Amazon.

Source: Brad Setser

Luxembourg should pray it doesn’t wake up to the following tweet 🙂

Luxembourg has to pay BILLIONS in tribute for U.S. Military Protection! 
Its secret deals with Jeff Bozo (Amazon Washington Post) cost our great Nation so much. Grand Duke Henry should fix soon!