Donald Trump has certainly provoked a useful conversation about NATO's role and relevance – and, most importantly, the financial laggards within the alliance. In a previous article, I showed that the United States is subsidizing all other NATO members in terms of military expenditures to the amount of about $180 billion per year.  But that is not the whole story.  The U.S. is also subsidizing the economies of almost all other NATO members. In 2015, the U.S. ran a trade in goods deficit with all but five NATO members (Netherlands, Belgium, Turkey, Luxembourg, and Iceland), and the sum of all American trade balances with NATO members was a net deficit of $121 billion. The largest trade deficit laggards in NATO – from an American perspective – are Germany ($74 billion per year), Italy ($28 billion per year), France ($18 billion per year), and Canada ($15 billion per year). Coincidentally, Germany, Canada, and Italy are also three of the top...(Read Full Post)