Trump targets Spain over NATO spending, warns of cutting trade
TL;DR Summary
At a NATO-related press conference in Ankara, Trump slammed Spain for not meeting defense-spending targets, saying he wants to 'cut off all trade' with Spain; Spain has raised defense spending to 2.1% of GDP in 2025 but lags behind the 5% by 2035 goal, a stance that drew reactions from Madrid and NATO allies while markets, including Spanish bonds and the IBEX, dipped.
- Trump says he doesn't want anything to do with Spain: 'Cut off all trade' CNBC
- Trump says at NATO summit he has ordered cutoff of US trade with Spain Reuters
- Trump threatens to cut off trade, tourism with Spain New York Post
- Trump Renews Threat to End Trade With ‘Terrible Partner’ Spain Bloomberg.com
- Trump orders a halt to US trade with Spain politico.eu
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