NATO leaders agree to raise defense spending to 5% of GDP by 2035

NATO allies agreed Wednesday to more than double their respective defense spending to 5 percent of gross domestic product by 2035, in step with U.S. President Donald Trump's demand.The agreement reached in The Hague at a summit of the North Atlantic Treaty Organization, the world's largest military alliance, is likely to lead the Trump administration to dial up pressure on Japan and other allies to take similar action.Under a major overhaul of their defense spending targets that hikes the figure from its current level of 2 percent of GDP, the leaders agreed that their 5 percent commitment c…READ FULL ARTICLE