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Defense stocks tumble after Trump proposes military spending cuts, while European defense firms surge

Summary by stationgossip.com
U.S. defense stocks plummeted this week after President Donald Trump suggested halving the nation’s military budget, sending shockwaves through the defense industry. Meanwhile, European defense stocks soared as leaders across the continent discussed ramping up military spending, signaling a potential shift in global defense priorities.Trump’s proposal rattles U.S. defense sectorOn Thursday, President Trump announced at a White House press confer…
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stationgossip.com broke the news in on Monday, February 17, 2025.
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