domingo, 6 de abril de 2025

Defense Industry Winners and Losers Amid Trump Tariffs

"For years, Europe has been notoriously slow in developing a coherent strategy for its defense industry. And it never really had a reason to formulate such a plan, so long as the United States guaranteed its safety. But the second Trump administration – specifically, its transactional approach to international affairs and its eagerness to end the Ukraine war – has convinced Europe that it may no longer be able to rely on the United States for its defense needs. Other U.S. allies, including Canada, South Korea, Japan and Australia, are asking themselves the same question, especially in light of the seemingly punitive measures such as tariffs the Trump administration has imposed on them. In this context, many policy changes are underway, perhaps none so important as those in the defense industry." Ronan Wordsworth (Geopolitical Futures)

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