American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Record 18 NATO states expected to meet 2% defense spending threshold this year

by admin February 16, 2024
February 16, 2024
Record 18 NATO states expected to meet 2% defense spending threshold this year

Eighteen of NATO’s 31 members are expected to spend at least 2% of their GDP on defense this year, the treaty organization’s leader said on Wednesday.

“That is another record number and a six-fold increase from 2014 when only three allies met their target,” NATO Secretary-General Jens Stoltenberg said Wednesday ahead of a meeting between the alliance’s defense ministers in Brussels.

Former US President Donald Trump, who is running for reelection in November, brought renewed scrutiny to the issue of defense spending among NATO members last weekend, when he said at a rally he would encourage Russia to do “whatever the hell they want” to any NATO member country that doesn’t meet spending guidelines on defense – effectively undercutting the collective defense clause at the heart of the treaty.

Stoltenberg said Monday such comments put European and American soldiers at an increased risk.

“Any suggestion that allies will not defend each other undermines all of our security, including that of the US, and puts American and European soldiers at increased risk,” Stoltenberg said.

The NATO chief acknowledged on Wednesday that criticism of members not spending enough was “a valid point … and a message that has been conveyed by successive US administrations, that European Allies and Canada have to spend more, because we haven’t seen fair burden sharing in the alliance.”

To better share that burden, NATO members pledged a decade ago to increase their defense spending to 2% of GDP for each country.

Among the countries to hit the target recently is Germany. The German Defense Ministry said Wednesday that its 2024 budget will see its defense spending meet the 2% threshold for the first time since the early 1990s.

As a whole, NATO’s European allies are expected to spend 2% of their combined GDP on defense for the first time this year.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Two Chinese fishermen drown during pursuit by Taiwan coast guard
next post
Israeli hostage families seek justice with war crimes complaint against Hamas

Related Posts

Massive floods threaten tens of millions as intense...

April 23, 2024

Former Chilean President Sebastian Pinera has died in a...

February 7, 2024

Haiti extends state of emergency as intruders break...

March 8, 2024

Florida’s $800M in crypto investments could grow under...

November 1, 2024

‘Iwájú’: Nigeria-based ‘first-of-its-kind’ animated series premieres on Disney+

February 29, 2024

Foreign-born residents in Japan sue government for alleged...

February 1, 2024

Indian rupee rebounds slightly after hitting record low...

December 22, 2024

China’s factory activity expands for third straight month,...

December 31, 2024

Ukraine peace hopes send gasoil crack plummeting; sanctions...

November 30, 2025

Lower oil prices cloud US output as OPEC...

April 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020

      December 28, 2025
    • Wall Street close: S&P 500 ends at record high, Dow gains 289 points

      December 28, 2025
    • Europe bulletin: FTSE slips, US-EU clash escalates, Secure Trust’s big move

      December 28, 2025
    • Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit

      December 28, 2025
    • What US GDP report means for Fed’s rate decision in January

      December 28, 2025

    Categories

    • Business (4,959)
    • Investing (3,186)
    • Latest News (2,144)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved