Source: Foundation for Economic Education
by Mark Nayler
“Two days after his inauguration on January 20, Donald Trump criticized Spain for its ‘very low’ defense spending, while also confusing it with one of the BRICS nations (Brazil, Russia, India, China, South Africa, and five others). Spain currently ranks last amongst NATO’s 32 members in military expenditure: in 2024, it spent 1.38% of its GDP on defense, once again failing to meet the 2% target agreed upon by member states in 2014. Reaching the 2% target will be difficult for Spain — but even that is not enough for Trump.” (02/13/25)