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NATO leaders agreed to raise defense spending to 5% of GDP and reaffirmed their “ironclad commitment” to mutual defense during a landmark summit in The Hague. The move, seen as a major win for President Donald Trump, responds to growing threats from Russia and reflects U.S. pressure for stronger European defense contributions. The new spending target, up from 2%, includes 3.5% for core defense and 1.5% for infrastructure and cybersecurity. While some nations, like Spain, expressed concerns about affordability, leaders agreed to review the progress in 2029. The declaration supported Ukraine but omitted past language about eventual NATO membership, showing a more cautious U.S. stance. Trump affirmed his support for NATO's Article 5, calling the summit “tremendous.”

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02NATO leaders agreed to raise defense spending to 5% of GDP and reaffirm their ironclad commitment
00:07to mutual defense during a landmark summit in the Hague. The move seen as a major win for
00:11President Donald Trump responds to growing threats from Russia and reflects U.S. pressure
00:15for stronger European defense contributions. New spending targeted up from 2% to 3.5% for
00:22core defense and 1.5% for infrastructure and cybersecurity. While some nations like Spain
00:27and expressed concerns about affordability, leaders agreed to review the progress in
00:312029. Decorations supported Ukraine, but admitted past language about eventual NATO
00:35membership, showing a more cautious U.S. stance. Trump affirmed his support for NATO's
00:40Article 5, calling the summit tremendous. For all things money, visit Benzinga.com.

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