NATO allies are meeting in the Netherlands on June 24-25 this week. The alliance has reportedly agreed to hike their defense spending to 5% of gross domestic product by 2035. One chart shows what ...

Nato national Flag textile cloth fabric waving on the top© EA09 Studio / Shutterstock.com These Countries Are Missing Their NATO Funding By A Mile© Pool / Getty Images News via Getty Images ...

In 2019, following pressure from Trump, the direct contributions cost-sharing formula shifted for funding NATO operations. Previously, the U.S. was responsible for contributing 22 percent of the ...

However, NATO members have committed to spending at least 2% of their Gross Domestic Product (GDP) every year on defence - and most of them did not meet that goal last year.

Since taking office, Trump has boosted US funding for the US military presence in Europe by 40%. In 2016, 22 of 28 NATO members increased their defense budgets.

More than 50% of NATO funding comes from the U.S., while other allies — like the United Kingdom, France and Germany — have contributed between 4% and 8% to NATO funding in recent years.

NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.