President Trump is demanding more defense spending from NATO countries
Hilliard MacBeth, CIM, FCSI?
Portfolio Manager & Investment Advisor, Richardson Wealth
President Trump mused recently that NATO members should be spending 5 percent of their GDP on defense. This new goal is a large increase from the current target of 2 percent of GDP.
Trump has also claimed that NATO member countries have failed to pay their dues to NATO. But countries do not “pay money into NATO”. NATO members have committed to a 2 percent target for defense expenditure as a goal.
How does Canada stack up in the defense spending category?