NATO Agrees to 5% Defense Spending Goal; Spain Granted Exception
NATO Agrees to 5% Defense Spending Goal; Spain Granted Exception NATO allies have reached an agreement to set a new defense spending target of 5 percent of gross domestic product (GDP) by 2035. This agreement, reached after negotiations involving all 32 member states, will be formally confirmed at a NATO summit in The Hague. The 5 percent target, initially proposed by U.S. President Donald Trump, will consist of 3.5 percent allocated to “hard defense” (weapons and troops) and an additional…