Trump Calls for $1.5 Trillion Defense Budget Hike, Claims Tariffs Will Cover Costs
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
Defense stocks fall as Trump prohibits dividends and buybacks, caps executive pay at $5M, demanding contractors invest in equipment instead.
Trump administration considers executive order restricting dividends, buybacks, and executive pay for defense contractors with over-budget, delayed projects.