KEY POINTS
- Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
- Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
Could it be a power move to pressure the military and try to have it approve fascism ?
also: defense in USA ~3% of GDP
https://en.m.wikipedia.org/wiki/United_States
The United States of America (USA), (…) is a country (…)
https://en.m.wikipedia.org/wiki/United_States_federal_budget
2024 GDP $29.168 trillion
2023 defense ~$0.8 trillion (~2.74% of GDP)
…so, above the 2% NATO target.