In the past two days, President-elect Donald Trump has used some unsettling rhetoric related to global nuclear proliferation. On Thursday, Trump tweeted the following message to his followers:
“The United States must greatly strengthen and expand its nuclear capacity until such time as the world comes to its senses regarding nukes.”
'Let There Be An Arms Race'
When asked to clarify the statement on CBNC Friday morning, Trump ramped up his rhetoric.
“Let there be an arms race. We will outmatch them at every pass and outlast them all,” Trump said.
As Russian president Vladimir Putin pointed out on Friday, Trump called for boosting U.S. nuclear capacity throughout the campaign season.
“Of course, the U.S. has more missiles, submarines and aircraft carriers, but what we say is that we are stronger than any aggressor, and this is the case,” Putin said in response.
However, many Americans are uneasy with the idea of escalating global nuclear tensions.
Donald Trump may have provided the best succinct argument against a global nuclear arms race back in 2014.
'Crazy Or Incompetent Leaders'
Of course, subjective interpretations of the words “crazy” and “incompetent” are required to determine exactly how ironic Trump’s 2014 tweet actually is.
The market certainly seems to be taking note of Trump’s comments. Shares of Uranium suppliers Uranium Energy Corp. UEC, Uranium Resources, Inc. URRE and Cameco Corp (USA) CCJ have all surged higher since Trump’s Thursday tweet.
Image Credit: By DonkeyHotey (Donald Trump - Caricature) [CC BY-SA 2.0], via Wikimedia Commons© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.