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Benzinga
Benzinga
Business
Stjepan Kalinic

NATO's New 5% Target For Defense A Win for Trump; Carney Turns To Critical Minerals

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NATO's 32 member states agreed to increase defense spending to 5% of GDP by 2035, representing a significant increase from the long-standing 2% benchmark.

The new target is the most ambitious in the alliance's 76-year-old history and a major political win for U.S. President Donald Trump, who had long criticized European allies for underfunding their militaries.

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