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Hegseth: Era of US subsidising wealthy nations is over

Speaking at the Shangri-La Dialogue in Singapore, US Secretary of War Pete Hegseth said the “era of US subsidising wealthy nations is over”.

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Hegseth: Era of US subsidising wealthy nations is over

Hegseth at the Shangri-La Dialogue declared the US will no longer subsidize wealthy allies' defense, warning China against Indo-Pacific hegemony while noting US-China military-to-military communication is at a multi-year high. Allies forced to self-fund will rebalance defense budgets, shifting geopolitical risk for firms with Asia-Pacific supply chains or regional operations.

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Hegseth: Era of US subsidising wealthy nations is over

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Hegseth: Era of US subsidising wealthy nations is over

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