Overview
- Trump announced on Truth Social that he wants the 2027 U.S. military budget raised from $1 trillion to $1.5 trillion.
- He said the increase would be financed with revenue from his tariffs.
- He proposed barring U.S. defense contractors from paying dividends or conducting stock buybacks and capping executive pay at $5 million.
- He called for construction of new, modern facilities to deliver, maintain, and build next-generation military equipment.
- Reporters note that enforcement and legal authority remain unclear, with no confirmed legislative pathway and the announcement presented against recent U.S. moves involving Venezuela and renewed threats toward Greenland.