US Stock Market Movement | Drone Concept Stocks Rise at the Open, Unusual Machines (UMAC.US) Up Over 15%
On Friday, drone concept stocks rose at the opening.
Zhitong Finance APP reports that on Friday, drone concept stocks rose in early trading, with Unusual Machines (UMAC.US) up more than 15%, Red Cat Holdings (RCAT.US) up more than 8%, Draganfly (DPRO.US) up more than 6%, and Ondas (ONDS.US) up more than 3%. In terms of news, on August 13 local time, the White House issued a statement saying that President Trump signed a proclamation imposing ad valorem tariffs of 10% to 100% on imported drones and components in response to national security threats.
The proclamation stipulates a 100% ad valorem tariff on drones with high sensitivity due to specific size or particular functions, as well as on docking stations for such drones and certain key components. This category includes drones with a maximum takeoff weight over 25 kilograms and drones equipped with thermal imaging capabilities. In addition, a 25% ad valorem tariff will be imposed on certain smaller drones without specific functions and on other drone components.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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