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Bill O'Reilly here and I'm warming up. Stand by for the O'Reilly Update Morning Edition. On this Monday, I'm thinking about America's relationship with Europe. That is the kind of boring guy I am. Now, President Trump says he wants the EU to prosper, but he also wants fair trade deals with our closest allies. Last week, the President hosted the leader of Ireland in the Oval Office.
Mr. Trump softly chided his Irish counterpart, who took the jabs in good nature. Predictably, the Democrats used the friendly meeting to attack Trump's foreign policy. But here are a few examples of America's trade imbalance with Europe. Ireland, 80 billion. That means the Republic gets 80 billion more U.S. dollars than we get euros from it.
France, 15 billion. Austria, 11 billion. Italy, 40 billion. Sweden, 9 billion. Germany, 80 billion. So we're getting hoes across the board. And everybody knows that. But some people don't care. Then there's national defense. Americans spend $820 billion a year on the military. That's all taxpayer money. And it protects the EU.
But over in Europe, Belgium spends 2% on its military. And Donald Trump wants 5% minimum from all European nations. Does that seem unreasonable to you? Back after this. Still getting around to that fix on your car? You got this. On eBay, you'll find millions of parts guaranteed to fit. Doesn't matter if it's a major engine repair or your first time swapping your windshield wipers.
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That is the Morning O'Reilly Update. I am Bill O'Reilly. For more news and honest analysis, please go to BillOReilly.com. No spin, just facts, and always looking out for you.