Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components Into the United States
ProclamationTariff raisedSigned 08/13Federal Register 08/19Open the original
Summary
President Trump adjusts imports of unmanned aircraft systems and their components under section 232 by recommending tariffs on UAS and related parts. The proclamation recommends a higher duty on UAS over 25 kilograms and on UAS docking stations, a lower duty on UAS at 25 kilograms or less and on certain critical components, with some components taking effect after a temporary delay.
By industry
- Tariffs & Reshoring1 trading day−1.8%p15 stocks5 trading days−6.4%p15 stocks20 trading days−7.0%p15 stocks
“high ad valorem duty on UAS with a maximum take-off weight of more than 25 kilograms”
- Defense1 trading day−1.4%p15 stocks5 trading days−2.4%p15 stocks20 trading days−10.8%p15 stocks
“UAS are a key technology in modern armed conflict and are critical for present and future U.S. military operations”
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
