U.S. stocks are being trounced by Europe as Trump retreats from Ukraine, focuses on ‘America First’

On March 3, 2025, European defense stocks surged following a heated Oval Office meeting where President Donald Trump scolded Ukrainian President Volodymyr Zelensky, warning of “World War III” over a failed mineral-rights deal. This incident has been dubbed the “Zelensky moment” and is seen as a significant event in history. The market reaction on Monday, the first trading session after the meeting, reflected the impact of this tense exchange on global defense industries.

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