Fact Sheet: President Donald J. Trump Bolsters National Security and Strengthens U.S. Supply Chains by Imposing Tariffs on Drones and Their Parts and Components
Fact sheetTariff raisedPublished 08/13Open the original
Summary
President Trump imposes 100%, 25%, 15%, and 10% tariffs on drones and their parts and components. The tariffs take effect 21 days after signing, while some drone components take effect 180 days after signing. The Secretary of Commerce may establish an onshoring program for new investments in drone manufacturing.
By industry
- Tariffs & Reshoring1 trading day−1.8%p15 stocks5 trading days−6.4%p15 stocks20 trading days−7.0%p15 stocks
“The Proclamation imposes a 100% ad valorem tariff on drones of a certain size or with certain capabilities”
- Defense1 trading day−1.4%p15 stocks5 trading days−2.4%p15 stocks20 trading days−10.8%p15 stocks
“The Proclamation imposes a 100% ad valorem tariff on drones of a certain size or with certain capabilities”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/08/12 | 0.0% | 0.0% |
| 26/08/13 | −1.1% | +0.7% |
| 26/08/14 | −1.4% | +0.5% |
| 26/08/17 | −0.5% | 0.0% |
| 26/08/18 | −3.8% | −0.7% |
| 26/08/19 | −6.7% | −0.3% |
| 26/08/20 | −9.6% | −1.2% |
| 26/08/21 | −8.0% | −0.9% |
| 26/08/24 | −9.4% | −1.1% |
| 26/08/25 | −7.8% | −0.9% |
| 26/08/26 | −7.6% | −0.3% |
| 26/08/27 | −6.2% | −0.3% |
| 26/08/28 | −7.0% | −0.4% |
| 26/08/31 | −7.3% | −0.7% |
| 26/09/01 | −7.8% | −1.4% |
| 26/09/02 | −5.3% | −1.0% |
| 26/09/03 | −5.7% | −0.0% |
| 26/09/04 | −4.9% | −0.3% |
| 26/09/08 | −5.6% | −0.9% |
| 26/09/09 | −6.4% | −1.3% |
| 26/09/10 | −8.9% | −1.9% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Hanwha Aerospace 012450
- Korea Aerospace Industries 047810
- LIG Defense & Aerospace 079550
- Hyundai Rotem 064350
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Kevin Hern
Partial saleLockheed Martin
Partial saleLockheed Martin
LMT
$15K–$50K
Joint
$15K–$50K
Reported 09/25
Traded 09/02
- Kevin Hern
Full saleLockheed Martin
Full saleLockheed Martin
LMT
$15K–$50K
Joint
$15K–$50K
Reported 09/25
Traded 09/02
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$15K–$50K
Joint
$15K–$50K
Reported 09/01
Traded 08/13
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$1K–$15K
Joint
$1K–$15K
Reported 09/01
Traded 08/13
