US Government Softens Firearms Exports Rule: Stocks To Gain
Zacks Investment Research | Jan 19, 2020 08:26PM ET
The Trump administration announced some policy changes on Jan 17, which partially eased the U.S. export rules for firearms, including assault rifles and ammunition. This change comes much to the delight of investors as the U.S. firearms and ammunitions industry has not made noticeable progress over the past few years.
The latest move is thus projected to boost companies manufacturing firearms and ammunitions, along with others associated with the industry.
What’s the New Rule?
Per the recent announcement made by the Trump administration, the government is going to transfer control of some commercial firearm exports from the U.S. State Department to the Commerce Department. The Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.