President Donald Trump will propose a major increase in defense spending to the detriment of other federal agencies. USD 54 billion would thus be transferred from existing budgets to the Department of Defense (DOD). Such a large boost, as large as France’s yearly military spending, would increase the US defense budget by 10% YOY. During the presidential race, Trump promised to “rebuild the US military” although the United States already spends more on military than next 8 nations combined, including China and Russia.
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