Trump's $1.5 Trillion Defense Budget Plan: Tariffs Fund "Dream Military" Amid US Tensions

• US President Donald Trump proposed increasing the defense budget to $1.5 trillion by 2027, a 50% hike from the current $901 billion.
• Trump cited a "troubling and dangerous time" for America, aiming to build a "strong and dream military" essential for national security.
• The proposed budget increase is to be funded by revenue generated from tariffs imposed by his administration.
• The US is already the world's largest military spender; this proposal requires Congressional approval and faces potential opposition over expenditure and deficits.
• Shares of American defense companies saw a rise following Trump's announcement on Truth Social.

Why It Matters: Trump proposes a massive $1.5 trillion defense budget by 2027, funded by tariffs, for a "dream military."