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Trump orders major cut to US-South Korea drills as North Korea ramps up missile tests President Trump ordered the Pentagon to scale back Ulchi Freedom Shield drills, citing costs and a hostile…

Donald Trump via Fox News ↗

Rating: CSignal Confidence: 77%Expected reaction window: minutes–months

Why it may move markets

Defense and geopolitics

Changes defense spending, conflict risk, procurement, or alliance expectations

Important considerations

Direction is inferred from keyword rules; confirm against a formal filing or policy text