Donald Trump calls for 50% increase in US defence spending by 2027
President says military budget should rise to $1.5tn
President says military budget should rise to $1.5tn

President demands curbs to shareholder returns and pay but also holds out prospect of military spending bonanza

Pledge to raise defence spending to 5% of GDP would unleash hundreds of billions of euros

US president’s Pentagon has been busier during the past 12 months than nearly his entire first presidency

Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts

Largest special defence budget in 30 years aims to persuade Donald Trump of willingness to pay more for security

US president had demanded that allies spend 5% of GDP on defence