Trump slaps new tariffs on drones, including from some key U.S. allies – National– globalnews.ca
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EXCERPT:
U.S. President Donald Trump said on Thursday he will impose tariffs on imports of drones and their components, including from some key U.S. allies, with the Trump administration saying the country was “too reliant” on foreign sources of drones.
A proclamation signed by Trump imposes a 100% ad valorem tariff on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes, the White House said, adding that a tariff of 25% will be imposed on drones that are smaller in size.
A 15% tariff will be imposed on drones and components from the European Union, Japan, Liechtenstein, South Korea, Switzerland, and Taiwan, and a 10% ad valorem tariff will be imposed on drones from the UK, the White House added.
Trump has made tariffs a central pillar of his foreign and trade policies despite legal setbacks and criticism from some analysts.