Defense Stocks PLUMMET After Trump Floats Pentagon Cuts!
Posted
February 16, 2025
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February 16, 2025
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3,828
639
9.05%
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Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in half at some point in the future. The comments came in the context of Trump discussing a potential conference on defense spending with China and Russia.
“At some point, when things settle down, I’m going to meet with China and I’m going to meet with Russia, in particular those two, and I’m going to say there’s no reason for us to be spending almost $1 trillion on the military ... and I’m going to say we can spend this on other things,” Trump said.
Jimmy and Americans’ Comedian Kurt Metzger discuss their concerns about how the poor weapons manufacturers will survive if Trump is successful in making these cuts.
Kurt Metzger on Twitter
Kurt’s website
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