US President Donald Trump is in the White House Oval office in Washington on February 13, 2025.
Kevin Lamarque | Reuters
Defense actions dropped suddenly Thursday afternoon after President Donald Trump suggested that the United States could massively reduce defense spending.
Trump said the United States could reduce defense expenses in two, according to Reuters. Comments seemed to be in the context of Trump to discuss a potential conference on defense spending with China and Russia.
Defense actions that had been higher earlier in the day quickly dropped. Actions of Lockheed Martin were down 1.5%, Northrop Grumman flow 2.6% and General dynamic also lost 2.6%.
Trump sent Mixed messages on military spending Throughout his campaign in 2024 and at the start of his presidency.
On the one hand, Trump enlisted Elon Musk and the so-called Ministry of Government efficiency to find places to reduce government costs. Trump also put pressure for a quick resolution of War in Ukrainewho involved the purchase of many American weapons.
On the other hand, he presented the importance of having a strong soldier and signed a decree to explore the construction of an anti -missile defense system “Iron Dome of America”.
“Currently, people are confused by a number of crossed currents” on defense spending, said TD Cowen’s policies, novel Schweizer last week.
