Sweden and the Netherlands say before NATO summit they will spend 5% of GDP on defense

BRUSSELS — Less than two weeks before a NATO summit, Sweden and the Netherlands said Friday that they intend to increase defense spending to five per cent of their gross domestic product, in line with U.S. President Donald Trump's demands. Trump and his NATO counterparts meet for a summit in the Netherlands on June 24-25, where they're due to agree a new defense spending target. He insists that Europe must look after its own security, while Washington focuses on China and its own borders. Swedish Prime Minister Ulf Kristersson said that "Sweden will reach a new NATO spending target to…