Trump Threatens to Double Tariffs on Spain Over Defense Spending

“The economy is doing very well,” Trump said about Spain. “And that economy could be blown right out of the water.”

Donald Trump at NATO summit
Alex Brandon/AP

President Donald Trump embraced U.S. NATO allies at a summit Wednesday — with one notable exception.

The president lashed out at Spain for its decision to only raise its defense spending to 2.1% of the country’s gross domestic product — well short of the 5% that Trump and NATO have been pushing for.

“You know they are doing very well. The economy is doing very well. And that economy could be blown right out of the water with something bad happening,” Trump said Wednesday at a press conference in the Netherlands, while threatening to double tariffs.