Factbox-Trump's US election win may bring NATO members' defense spending back into focus
- NATO-member defense spending may come back into focus as former U.S. President Donald Trump returns to office.
Republican Trump, 78, was elected president on Wednesday, defeating Democratic candidate Kamala Harris. He previously served as U.S. president from 2017 to 2021. In congratulating Trump on his election, NATO Secretary General Mark Rutte said that"two-thirds of Allies now spend at least 2% of their GDP on defense, and defense spending and production are on an onward trajectory across the Alliance.
In the past, Trump has been critical of NATO, accusing European members of spending too little on defense.NATO estimated that in 2024 Poland leads the alliance by spending 4.12% of GDP on defense followed by Estonia at 3.43% and the U.S. at 3.38%.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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