00:00Can you talk about what the significance of this is?
00:03So, Lisa, this is going to be under Section 232, so that means that it's part of the U.S.'s
00:08national security concerns when it comes to drone and their components being imported
00:13into the U.S. The statement doesn't explicitly mention China, but when you actually look through
00:18the details, it becomes rather evident, plus couple that with some recent actions taken by
00:22the FCC targeting China's tech exports. Larger drones with military capabilities are going to
00:29face up to a 100 percent tariff, while smaller drones will face a 25 percent tariff. But it
00:34really does matter the country of origin. China is going to pay or face levies of that higher rate,
00:41but allied nations that have struck trade deals with the U.S. will be at 15 percent, the U.K.
00:45even
00:45at a lower, more preferential 10 percent rate. Lisa, this also really has to do with the
00:50administration trying to bolster the domestic defense industrial base. I had reporting last
00:55week as a person familiar with the matter told me that the U.S. Army is set to purchase at
00:59least
00:59$400 million worth of counter drone lasers from the company Aerovironment. I bring that up because
01:06it marks the Pentagon's first such purchase contract for that type of weapon.
Comments