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Europe ramps up defence spending after Trump’s 2024 win
- Investment Management
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- 06.11.24
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With Donald Trump’s return to the White House, questions over US commitments to NATO and European security have intensified. European countries are expected to accelerate efforts to “Trump-proof” their security, increasing defence spending to build a more self-reliant structure. Many NATO allies have already ramped up budgets, with countries like the UK committing billions and Poland aiming for 5% of GDP in defence by 2025. This shift toward strategic autonomy presents a significant opportunity for European defence stocks, as countries continue to bolster their military capabilities and reduce...