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Drone Tariffs Spark Overnight Rally in Defense Stocks

1 min read
Source: Yahoo Finance
Drone Tariffs Spark Overnight Rally in Defense Stocks
Photo: Yahoo Finance
TL;DR

President Trump signed a proclamation imposing new tariffs on imported drones and components (up to 100% on some advanced drones) and authorizing a Commerce Department onshoring push to spur U.S. production; investors pushed UMAC, RCAT, ONDS, AVAV, and KTOS higher overnight in response, with gains ranging from about 1% to 21% as traders priced in the policy’s effects on the drone supply chain.

Topics:nationmarkets#defense-industry#drones#markets#onshoring#stock-market#tariffs
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  1. UMAC, RCAT, ONDS, AVAV, KTOS Stocks Rise Overnight: Trump Takes Aim At Foreign Drones With New Tariffs  Yahoo Finance
  2. Trump administration to impose tariffs on drone imports, White House says  Reuters
  3. Trump administration unveils tariffs on drone imports  The Hill
  4. Drone stocks rally after Trump orders tariffs on foreign-made components  CNBC
  5. Trump drone tariffs: Who is impacted?  Mashable

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