As President Donald Trump headed to Brussels to meet with the members of the world’s most powerful military alliance, NATO published its latest estimates on defense spending.
The NATO report estimates that only five out of the 29 nations will meet the spending standards that were agreed upon at the 2014 NATO summit in Wales.
The pledge called for all allies to stop cutting defense budgets, gradually increase spending, and aim to spend 2 percent of their GDP on defense by 2024.
Currently, the United States, Greece, Estonia, the United Kingdom and Latvia meet the 2 percent NATO guideline.
via CNBC
