NATO Members Set To Agree To 5% Defense Spending, Rubio Says

By: bitcoin ethereum news|2025/05/16 16:45:05
0
Share
copy
Topline Secretary of State Marco Rubio on Thursday said all NATO members will soon agree on a goal to raise their defense spending level to 5% of their GDP over the next decade, addressing a key complaint raised by President Donald Trump about the alliance’s other members not paying a fair share. US Secretary of State Marco Rubio speaks to the media following an informal meeting of The North ... More Atlantic Treaty Organisation (NATO) foreign ministers in Antalya. Key Facts In an interview with Fox News host Sean Hannity on Thursday, Rubio said there had been a significant uptick in defense spending by NATO member nations ever since Trump first raised the issue in 2018. The secretary of state said that when Trump first raised the issue in 2018, some members’ spending was less than 1% of their GDP, but this has since gone up substantially, with “virtually every member” being above 2% and “many of them” over 4% of the GDP ahead of the 2025 NATO summit in June. By the time next month’s summit takes place, “all will have agreed on a goal of reaching 5% over the next decade,” he added. Rubio, who was in Turkey to attend a meeting of NATO foreign ministers, said if everything materializes as planned, it will be the first time in the alliance’s history where the members have “reached targets and goals that will allow NATO partners to be more than 50 percent of the Alliance.” What Do We Know About Nato’s 5% Spending Proposal? AFP reported that NATO chief Mark Rutte has floated the proposal for the alliance’s 32 members to commit to spending 3.5% of their GDP on their militaries and an additional 1.5% on other security-related expenses over the next decade to address Trump’s complaints. The report said Rutte’s plan will push members to raise defense spending by 0.2 percentage points of their GDP each year over the next seven years until the 3.5% target is reached. The other 1.5% security spending is deliberately defined more loosely and could include everything from infrastructure projects, cyberdefense spending, and even support for Ukraine. How Have Nato Members Reacted? German Foreign Minister Johann Wadephul expressed support for the plan at a meeting with other NATO foreign ministers in Turkey. Wadephul told reporters that the final result of this proposal would be in line with the 5% spending Trump “considers necessary,” and “we are following him in this respect.” French Foreign Minister Jean-Noel Barrot also endorsed Rutte’s plan, saying the 3.5% target was “the right amount for core defense spending.” Source: https://www.forbes.com/sites/siladityaray/2025/05/16/rubio-says-nato-members-are-set-to-agree-on-5-defense-spending-goal/

You may also like

Morning News | NYSE parent company invests in OKX; Morgan Stanley provides $500 million loan to Core Scientific; Western Union partners with Crossmint to launch stablecoin USDPT

March 5 Market Important Events Overview

These former crypto builders have transitioned to the hottest AI projects globally

From Crypto to AI: The once smartest and most restless group in the crypto world is quietly reshaping the power landscape of artificial intelligence.

Ethereum Overhaul 2026 Blueprint, this time to abandon "gradualism"

Standing at the historical turning point of "not advancing is retreating," the past gentle incremental iterations may no longer support Ethereum's vision of becoming the global settlement layer. This time, there is little time left for Ethereum's slow progress.

What Is OpenClaw? How AI Agents Could Change Crypto Exchange Trading

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Popular coins

Latest Crypto News

Read more