Media: Trump calls for increasing U.S. defense spending to $150 billion by 2027, more than 50% higher than this year's budget of $901 billion.
He claimed this would help the United States build a "dream army" and ensure security. He also said that with revenue from tariffs, the United States could easily achieve this budget target. In addition, Trump criticized the high salaries of defense contractors' executives, demanding they speed up weapon deliveries and build new factories, otherwise he would reduce their orders.
After the announcement, the stock prices of defense equipment manufacturers such as Lockheed Martin, Northrop Grumman, and Raytheon rose more than 5% in New York trading.
Original: toutiao.com/article/1853718593531980/
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