NATO may raise defense spending to 3% of GDP by 2030, according to the FT.Trump has threatened to leave NATO if it does not spend more on defense. NATO members may increase their defense spending to 3% of GDP, in part due to pressure by President-elect Donald Trump. The discussions to increase spending come in the wake of Trump's impending return to the White House. When asked about NATO's defense spending, Rutte told the FT earlier this month that he had a number in mind but did not clarify what it would be. NATO defense spending has accelerated in recent years, but experts told BI earlier this year that that has little to do with Trump.

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Persons: Mark Rutte, Donald Trump, Trump, Rutte, Edward Hunter Christie, William Alberque, BI's Mia Jankowicz Organizations: NATO, FT, Trump, Financial Times, Reuters, Finnish Institute of International Affairs, International Institute for Strategic Studies Locations: Europe, Italy, Spain, Poland, Estonia, Russia, NATO, Trump