Donald Trump's second stint as President has turned the world order on its head. Tariffs threaten to damage the world economy, while his approach to foreign policy has emboldened the West's enemies.
Trump's tariffs have diverted attention away from the conflicts in Ukraine and the Middle East. But these conflicts rage on, and the risks of new conflicts emerging remain high.
Defence stocks have done very well over the past year amid heightened geopolitical tension, and governments globally are preparing to ramp up defence spending, providing further support for the sector.
This UK-listed defe...
