Global arms trade is a $3 trillion business and the US drives nearly 80% of it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The U.S. exported four times more arms around the globe than the next nine countries combined.

The world spends nearly $3 trillion a year on arms, and the United States drives the bulk of the globe's weapons trade — about 79%, according to figures compiled by the U.S. State Department.

Crewmasters with Marine Aerial Refueler Transport Squadron 352, Marine Aircraft Group 11, 3rd Marine Aircraft Wing, prepare to refuel an F/A-18 Hornet over the W-291 training area in southern California, March 6, 2019.WASHINGTON — The world spends nearly $3 trillion a year on arms, and the United States drives the bulk of the globe's weapons trade — about 79%, according to figures compiled by the U.S. State Department.published in December 2019 is the latest U.S.

The report found that the United States accounted for 79% of the global arms trade, or an average of $143 billion annually. The European Union was responsible for about 10%, followed by Russia at 5% and China at less than 2%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No surprised here that's how the bank made it's money promote war

Imagine, we capture our own energy, and stop having wars over oil. ⛽️ is the new 🚬.

That's why Americans keep creating wars.

Dayum. War is profitable, isn't it. Wow!

Now you know why we are constantly at war.

The United states may not be 1 in life expectancy, Health care, Education, Happiness or Equality of opportunity; but we are unquestionably the 1 arms dealer. P.S. Big shout out to per capita incarceration, Much love to the Prision Industrial Complex from ya boys at the MIC!!

China and Russia together have a total of 2 aircrafts carriers, the US not including their closest friends have 26 alone, then with our lapdogs UK , Australia, South Korea and Japan we have another 19.

Who knew!

War and weapons means jobs so we must keep it up.

We are not near as clean and good as we think !

Wars pay. Ask any politician, Republican or Democrat. They call it “AID”.

'An armed society is a polite society.' -Robert A. Heinlein

BernieSanders People4Bernie We need to win in 2020. Millions of lives are at stake.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech companies lead US stock rally following global gainsMARKETS: Tech companies and banks lead a broad rally for U.S. stocks, as China took more steps to soften the financial impact of the coronavirus outbreak. after the sotu address, Wed 2/5 stock market crash.... Might wanna mention how much the US fed is pumping into the stock market. Chinese Tech Stocks are on FIRE! Impressive.
Source: ABC - 🏆 471. / 51 Read more »