Drone-related stocks are soaring on Friday after the White House announced new tariffs on foreign-made drones and components. Larger drones with sensitive military capabilities, such as thermal imaging, as well as « critical » drone components will face a 100% tariff. Smaller drones and less significant components will be subject to a 25% duty. Unusual Machines, which previously disclosed Donald Trump Jr. as an adviser, is leading the rally as defense stocks climb.
Source: Read the original article
