The world's understanding of how President Trump intends to wield the American military and influence the industry that arms it changed dramatically in two weeks flat.
The big picture: In the earliest days of the new year, the commander in chief dispatched troops to capture Venezuelan strongman Nicolás Maduro and warned Colombia, Cuba, Greenland and Mexico they could be next.
- He also hinted at another round of action in Iran, a symptom of his growing affinity for military force. Another sign: Nigeria was the seventh country bombed in less than a year.
- Asked about guardrails to global power, Trump told the New York Times: "My own morality. My own mind. It's the only thing that can stop me."
- "I don't need international law," he added. "I'm not looking to hurt people."
Meanwhile, Trump menaced the contracts of the world's second-largest defense company, sought to suspend dividends and stock buybacks across the sector, and demanded investments in "plants and equipment" and speedier weapons production.
- At the same time, Trump floated a record $1.5 trillion military budget.
- The president wants new warships on the sea and space-based interceptors in the sky on his terms and his expedited timeline.
Driving the news: All of it. All at once. All over the world.
The other side: Critics worry Trump is spreading his attention — and that of the military — in too many scattershot directions.
- "China just conducted its largest military exercise in three decades. Since 2010, their power production, with a huge emphasis on nuclear and solar, has increased by more than the rest of the world combined. Now we're sending them H200s," Rep. Pat Ryan (D-N.Y.) told Axios, referring to Nvidia's advanced chips.
- "And yet we're stuck in the past, focused yet again on half-baked, regime-change wars for oil fought with conventional weapons, while our grid falls even further behind."
Zoom out: A $1.5 trillion Pentagon budget would push defense spending to its highest levels since the end of the Cold War.
- The proposal easily clears previous allocations, at roughly 5% of GDP.
- It quickly won support from the chairmen of the House and Senate armed services committees.
- The nuance? While Trump wants to flood money into the defense sector, he also wants to shape how it's spent.
Follow the money: Prohibitions on stock buybacks, dividends and compensation "are truly unprecedented, as far as I can tell," Jerry McGinn at the Center for Strategic and International Studies told Axios.
- "I have no idea how they would be enforced and many have questioned their legality. Seems to be more of a shot across the bow."
- "Bottom line, the president is looking to strengthen the defense industrial base through increased investment and better performance by both companies and the government," McGinn said.
