New Delhi, June 25 -- US President Donald Trump declared a major diplomatic win on Wednesday (June 25) as NATO leaders agreed to dramatically increase their defense spending, committing to invest 5% of GDP annually on core and broader security needs by 2035 - a target Trump has long demanded.

Speaking at a closing news conference at the NATO summit in The Hague, Trump praised the alliance's new defense goal, calling it a historic milestone.

"This week, the NATO allies committed to dramatically increase the defense spending to that 5% of GDP - something that no one really thought possible," he said.

He announced that the agreement will be officially named "The Hague Defense Commitment", and touted it as a global achievement.

"It's a mo...