It is Presidents’ Day, and President Donald Trump has made a bold statement regarding military spending—one that no other president in modern history has made. He claims he could cut the Pentagon budget by about 50%.
President Trump has suggested a major cut in defense spending, proposing that the United States, Russia, and China each reduce their military budgets by 50%. He has also expressed a desire to begin denuclearization and arms control discussions with both Russia and China to accomplish this objective.
Military contractors poured $4,440,605 into Kamala Harris’s campaign—more than double what they contributed to Donald Trump. Yet, even with the support of establishment figures like Dick Cheney, their favored candidate fell short. The defeat of the military contractor’s candidate may have consequences for the industry.
Now, with President Trump in office and a bold initiative to cut Pentagon spending by 50%, the defense industry faces a challenge unlike any before.
