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Defense sections fall after Trump says that the cost of defense could be halved
US President Donald Trump sits next to a map showing the Gulf of Mexico, that he renamed the Bay of Bay, to the oval office of the White House in Washington, USA, February 13, 2025.
Kevin Lamarque | Reuters
Defense sections suddenly fell on Thursday afternoon after President Donald Trump suggested that the United States could reduce consumption massively.
Trump said that now they could reduce defense costs in half, according to Reuters.
The defensive supplies that were earlier had fallen quickly. Stocks Lockheed Martin were reduced by 1.1%, Northrop Grumman sank 1.4% and General dynamics lost 1.6%.