# How Europe Is Quietly Building Its Own Defense Supply Chain

Page: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-europe-is-quietly-building-its-own-defense-supply-chain
Text version: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-europe-is-quietly-building-its-own-defense-supply-chain.md
Podcast: [Trade and Tariffs with Fexingo: International Commerce, Trade Wars, and Global Supply Chains](https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709)
Published: 2026-07-06T18:01:19+00:00
Episode link: https://audio.fexingo.com/business/trade-and-tariffs/episode-0097.mp3
Audio file: https://audio.fexingo.com/business/trade-and-tariffs/episode-0097.mp3
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JSON: https://stenobird.com/v1/public/podcasts/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/episodes/how-europe-is-quietly-building-its-own-defense-supply-chain
Duration seconds: 530

## Resource

Lucas and Luna dig into a shift the headlines are barely covering: Europe is building its own defense industrial base outside NATO's traditional procurement system. They trace the story through a specific case — the Franco-German-led European Defence Fund's latest €8 billion tranche — and show how it's already pulling production away from US suppliers. They connect this to a data point that jumps off the screen: the iShares MSCI Germany ETF, ticker E-W-G, is up 14 percent year-to-date while the S&P 500 has barely budged. Is the US losing its grip on the world's most lucrative weapons market? And what does that mean for trade flows in 2026? No rhetoric, just the numbers and the strategy behind them. #DefenseSupplyChain #EuropeanDefenceFund #NATO #TradeWar #DefenseIndustry #GermanyETF #EWG #S&P500 #DefenseSpending #FrancoGerman #MilitaryProcurement #TransatlanticTrade #Economics #Geopolitics #FexingoBusiness #BusinessPodcast #SupplyChainShift #EuropeDefense Keep every episode free: buymeacoffee.com/fexingo

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