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Trump Says NATO Nations Should Spend 5% of GDP on Defense 👉 President-elect Donald Trump said NATO nations should spend the equivalent of 5% of their economic output on defense, escalating his demands on European allies to more than double the current target. 👉 “I think NATO should have 5%,” Trump said Tuesday at a news conference at his Mar-a-Lago resort Florida. “I’m the one that got them to pay 2%,” he said, referring to pressure he exerted during his previous term to meet the current spending target. 👉 No member of the military alliance is currently spending 5% of gross domestic product on defense, including the US. The president-elect didn’t say whether he’d increase US spending to that level. 👉 Trump’s threats to abandon the North Atlantic Treaty Organization and Russian President Vladimir Putin’s 2022 full-scale invasion of Ukraine have convinced many NATO members that they must enhance their own defenses. 👉 Secretary General Mark Rutte has signaled that NATO is likely to raise its spending target to at least 3% of GDP as it seeks to set new requirements for weapons and defense spending for its members. 👉 There have been wide discrepancies between NATO members’ defense spending. Poland committed a record 186.6 billion zloty ($45 billion) on defense last year, or 4.7% of GDP, while Germany, the European Union’s biggest provider of military aid to Ukraine, spent 2.1%, or €72 billion ($75 billion), according to its defense ministry. Read more ❓ www.bnnbloomberg.ca/business/company-news/2025/01/07/trump-says-nato-nations-should-spend-5-of-gdp-on-defense/ eToro’s @SpaceTech Smart Portfolio offers the opportunity to invest in companies that act in the Space Exploration, including satellite manufacturing, of several spheres, allocating to some of the most innovative and technological companies in this domain.
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