As expected, NATO members have agreed to new commitment to significantly boost defense spending, aiming to raise military budgets to 5% of GDP over the next decade—more than double the current 2% benchmark—at the ongoing major annual summit being held in The Hague. NATO's 32 leaders proclaimed Wednesday: “Allies commit to invest 5% of GDP annually on core defense requirements as well as defense-and security-related spending by 2035 to ensure our individual and collective obligations.”
The Trump-backed decision is being finalized in Netherlands this week, with NATO Secretary General Mark Rutte having hailed the proposal as a "quantum leap' during a press briefing. Trump declared Tuesday that we're with NATO "all the way". And on Wednesday he's expected to give a big address, as all eyes are focused on the Iran bombing and what's next.
