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Technology

Unusual Machines Soars 22%, Red Cat Climbs 8%, Ondas Gains 4% on Trump's 100% Drone Tariff

·15 Aug
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Shares of Unusual Machines (UMAC), Red Cat Holdings (RCAT), and Ondas Holdings (ONDS) surged following President Trump's proclamation of 100% tariffs on imported drones and drone parts. The tariffs aim to protect national security and support domestic manufacturing by targeting foreign-made drones. While UMAC saw a 22% increase due to its direct competition with imported components, more established Pentagon contractors like AeroVironment and Kratos experienced smaller gains.

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