China reliance and tariff wars emerge as top risks for the global defence industry: report

Ongoing tariff wars and a dependence on China are two of the top emerging risks for the global defence sector, according to a report released this week by the UK-based consultancy WTW (Willis Towers Watson). The defence sector is facing several new challenges in an increasingly volatile geopolitical environment, framed by the industry’s dependence on China’s materials and ongoing uncertainty amid a tariff dispute between Beijing and Washington. “The defence sector’s reliance on Chinese materials...