The NATO summit kicked off yesterday. Trump is pulling US military assets out of Europe and shifting focus to the Middle East and Indo-Pacific. NATO allies have agreed at least $50 billion in defense industry deals and $40 billion in counter drone capabilities. But America isn't slowing down either
"a new global arms race is underway. The NATO summit kicked off yesterday. Trump is pulling US military assets out of Europe and shifting focus to the Middle East and Indo-Pacific. That is forcing Europe to shoulder more of its own defense. NATO allies have agreed to at least $50 billion in defense industry deals and $40 billion in counter drone capabilities. But America isn't slowing down either. Trump's 2027 budget proposes $1.5 trillion for defense, which is the largest request in history. And Silicon Valley wants in. Defense tech companies have raised more than $19 billion so far this year, already blowing past last year's record. In short, an enormous amount of capital is flowing into defense. The question is, what exactly are we gearing up for? We are just seeing far more conflict occurring around the world today than even in the last five years. And countries recognize that there is growing levels of insecurity. We're seeing a growing menace from Russia as it continues to get on a wartime footing because of the Ukraine war. Finally, I think we're seeing the use of new technologies, particularly AI targeting systems and so forth in play."
💬 Discussion
The NATO summit kicked off yesterday. Trump is pulling US military assets out of Europe and shifting focus to the Middle East and Indo-Pacific. NATO allies have agreed at least $50 billion in defense industry deals and $40 billion in counter drone capabilities. But America isn't slowing down either