By Jessica Corbett

(CD) — Global military spending reached its highest level since the records began two decades ago, according to a new analysis released Monday—an increase led by the United States and China.

The Stockholm International Peace Research Institute (SIPRI) revealed in its latest annual report that countries around the world collectively poured $1.82 trillion into their militaries in 2018, a 2.6 percent rise from the previous year. Together, the top two spenders, the United States and China, accounted for about half of all spending.

“The increase in U.S. spending was driven by the implementation from 2017 of new arms procurement program under the Trump administration,” Aude Fleurant, director of SIPRI’s Arms and Military Expenditure (AMEX) program, said in a statement.

At $649 billion, US