CNBC · General

Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback

· By Lim Hui Jie
Story summary

Europe ramped up military spending in 2025 — a longstanding demand of U.S. President Donald Trump — helping drive global defense outlays to a staggering $2.89 trillion, according to the Stockholm International Peace Research Institute.

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