KEY POINTS
  • President Donald Trump is pushing other countries within the NATO military alliance to contribute more to their defense spending
  • In 2017, the U.S. spent (at current exchange rates) an estimated $685.9 billion on defense
  • Trump has criticized other NATO members for not spending enough on defense

President Donald Trump is pushing other countries within the NATO military alliance to contribute more to their defense spending — and the U.K.’s former defense minister has told CNBC that he agrees.

“Half the alliance — 16 of the 29 countries — don’t even spend 1.5 percent (of gross domestic product) let alone 2 percent that we all agreed on four years ago (at a NATO summit) in Wales,” Michael Fallon, who served as secretary of state for defense from 2014 to 2017, said Tuesday.