The USA is Becoming an Unreliable Trading Partner! European and Asian Defense Stocks are Likely to Benefit Further

After the Trump administration has shaken long-standing global alliances, countries have increased their own defense budgets, causing numerous defense stocks to rise. In particular, the stocks of manufacturers not based in the USA have benefited. Rising defense spending usually boosts all defense stocks, but European and Asian defense stocks have outperformed their US counterparts. While stocks were generally sold off following the announcement of US President Donald Trump's plan for "reciprocal tariffs," European and Asian defense manufacturers...