Following the NATO summit, President Trump issued a warning to Spain regarding tariffs, demanding that Spain increase its defense spending to 5% of GDP. He expressed disappointment at Spain's current rate of 2% and indicated that failure to comply would result in increased tariffs as part of a trade negotiation strategy. Despite noting Spain's strong economy post-pandemic, he cautioned that tariff imposition could severely affect it. He asserted the need for fairness among NATO allies and emphasized the commitment made by NATO leaders in The Hague for increased defense spending by 2035.
I am actually serious about that. Spain is a great place and a great people. They will have to pay it back to us on trade because I'm not going to let that happen.
They are the only country that is going to stay at 2 percent. Their economy is doing very well and could be wiped out if that happens.
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