South Korean defense firms could benefit from increased allied spending, but face competition and U.S. market risks
Then-U.S. President Donald Trump delivers a State of the Union address, Feb. 28, 2017 | Image: Trump White House
Former U.S. President Donald Trump’s potential return to the White House in 2024 could significantly impact the global defense industry, particularly for South Korean companies.
If re-elected, Trump’s critical stance on the North Atlantic Treaty Organization (NATO) and his “America First” approach to collective security arrangements could increase pressure on allies to boost defense spending, potentially shifting U.S. defense priorities and intensifying competition in the international arms market.
Former U.S. President Donald Trump’s potential return to the White House in 2024 could significantly impact the global defense industry, particularly for South Korean companies.
If re-elected, Trump’s critical stance on the North Atlantic Treaty Organization (NATO) and his “America First” approach to collective security arrangements could increase pressure on allies to boost defense spending, potentially shifting U.S. defense priorities and intensifying competition in the international arms market.
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