
- NATO members agreed on Sunday to increase their defense-spending goals to 5% of gross domestic product (GDP) by 2035. Foreign policy experts tell Fortune the target will be met by some countries, but may not be feasible for others. The pledge, they say, is an attempt to satisfy Trump, who has long called for more spending from the bloc.
President Donald Trump prefaced his arrival to the annual summit meeting of the NATO military alliance in The Hague by telling reporters Tuesday morning, “NATO was broke, and I said, ‘You’re going to have to pay.’”