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, ramping up his demands on European allies to more than double the current target.
European Defense Stocks Climb After Trump's NATO Remarks
Shares of European defense companies were on the rise Wednesday after Donald Trump renewed his calls for higher spending from members of NATO. Trump said in a wide-ranging press conference Tuesday that North Atlantic Treaty Organization members should spend 5% of gross domestic product on defense.
Trump says NATO countries are 'taking advantage' and should contribute 5% of GDP
The transatlantic alliance reached a milestone in 2024 when all non-U.S. NATO allies spent the 2% target on average for the first time.
Trump: "I Saved NATO, But NATO Has Taken Advantage Of Us"
Donald Trump said NATO member states should be paying 5% of their GDP into their militaries during a press conference Tuesday at Mar-a-Lago: REPORTER: If I could just follow up on Ukraine and Iran, the two negotiations you'll be heading into.
Trump calls on NATO to raise defense spending benchmark to 5% of GDP
U.S. President-elect Donald Trump said on Jan. 7 that NATO should raise its defense spending benchmark from 2% of GDP to 5%, echoing his earlier calls for Europe to spend more on its security.
Donald Trump demands NATO allies double defense spending or risk losing US support
During a rambling speech, Trump also vowed to change the name of the Gulf of Mexico to the Gulf of America and said the US would demand that NATO countries boost defense spending
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