President Donald Trump criticized Spain for not agreeing to new defense spending targets adopted by NATO and suggested the country could face tariffs twice as high from the US.
Trump stated that the US is negotiating a trade deal with Spain and threatened to make them pay twice as much, which caused Spain's benchmark stock index to extend its losses.
Spanish officials dismissed Trump's tariff threat, emphasizing that the European Commission handles trade matters for the EU and that individual member states don't negotiate trade deals on their own.
5% of GDP is often 40-50% of the countries federal budgets.
This is completely insane and it only serves to bankroll the US MIC into a new era of record profits.
It is unsustainable and will destroy economic growth as crucial infrastructure investments will fall short and it will create even more political instability and Fascism as it will be financed through cutting social security and investments and rising taxes on the lower and middle class.As this is economically unsustainable there is only one solution while keeping this spending up. Recover some of the money spent by actually using the weapons to seize resources of foreign countries by war.
Last but not least a lot of the systems bought from the US could come with a kill switch so it will effectively being EU paying for renting US weapons that only work according to US interests.
Spain is the only country with some sense in this.