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Al Jazeera

World

John Power

As Trump roils stock markets, investors are betting big on Europe’s defence

European Union Europe Donald Trump United States NATO GDP Ukraine Al Jazeera Strategy

Visitors on a tour of missile and defence technology at manufacturer MBDA during the Farnborough International Airshow, England, on July 24, 2024 [Richard Baker/In Pictures via Getty Images]

As United States President Donald Trump’s tariffs and his shift in Washington’s Ukraine policy send shivers through global stock markets, Europe’s defence firms are flying high as investors bet on the continent taking charge of its own defence.

With Trump’s outreach to Russia and his suspension of military aid to Ukraine raising doubt about US commitment to Europe’s security, European leaders are racing to ramp up defence spending.

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