Index Investing News
Thursday, May 29, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

US lawmakers ask Biden administration to increase tariffs on Chinese-made drones By Reuters

by Index Investing News
March 21, 2024
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. U.S. Representative Mike Gallagher (R-WI) attends a press conference at Taipei Guest House in Taipei, Taiwan February 22, 2024. REUTERS/Ben Blanchard/File Photo

By David Shepardson

WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers on Wednesday asked the Biden administration to impose higher tariffs on Chinese drones, including those shipped from other countries, and new incentives to boost U.S. drone manufacturers.

Representative Mike Gallagher, chairman of the House China committee, the panel’s top Democrat, Raja Krishnamoorthi, and 11 other lawmakers urged the administration to take immediate action against Chinese drone makers, including DJI and Autel.

This included hiking tariffs “to stop the mass proliferation of a technology in the U.S. market that poses a clear national and economic security threat,” they said in a letter to the U.S. Trade Representative, Commerce and Homeland Security departments.

USTR and Commerce said they received the letters but declined to comment.

DJI said it opposed restrictions based on country of origin and said it closely follows “all applicable data privacy protection laws, regulations, and norms in the U.S. and anywhere else we operate.” DJI added its drones “are helping U.S. businesses run more efficiently and solve problems.”

Autel did not immediately respond to a request for comment.

The letter said the current 25% additional tariff on Chinese drones is “insufficient to combat the surge” in imports.

The push on drones comes after several lawmakers have called on the Biden administration to raise tariffs on Chinese-made vehicles.

The Chinese drone companies hold more than 77% of the U.S. hobby drone market and over 90% of the market for commercial drones, the lawmakers said.

The letter noted Malaysia’s drone exports to the United States, which were minimal as recently as 2019, jumped to 242,000 units in 2022 and in the first 11 months of 2023 topped 565,000.

“These numbers raise concerns that the PRC may be using Malaysia to circumvent U.S. law through transshipment,” the letter said, referring to the initials of the People’s Repubic of China.

The letter also raised national security concerns about Chinese drones saying they “risk putting U.S. persons’

data in the hands of the PRC’s military and intelligence services.”

In November, the committee and other lawmakers asked the Biden administration to investigate and potentially sanction Autel Robotics. Gallagher and Krishnamoorthi introduced legislation seeking to ban the U.S. government from buying Chinese drones.

Congress in 2019 banned the Pentagon from buying or using drones and components manufactured in China.



Source link

Tags: administrationBidenChinesemadedronesincreaseLawmakersReuterstariffs
ShareTweetShareShare
Previous Post

M. Emmet Walsh, Character Actor Who Always Stood Out, Dies at 88

Next Post

Report on Iran’s Nuclear Program Stokes Alarm

Related Posts

GGN.PR.B: An Engaging Charges Play From This CEF (NYSE:GGN.PR.B)

GGN.PR.B: An Engaging Charges Play From This CEF (NYSE:GGN.PR.B)

by Index Investing News
May 29, 2025
0

This text was written byObserveWith an funding banking money and derivatives buying and selling background, Binary Tree Analytics ('BTA') goals...

Previous Republic Stays An Underappreciated Dividend Gem (ORI)

Previous Republic Stays An Underappreciated Dividend Gem (ORI)

by Index Investing News
May 29, 2025
0

This text was written byObserveThe Low-Finances Dividend Investor is your prototypical Era X-er: an over-educated, under-funded middle-aged man in search...

PayPal Holdings, Inc. (PYPL) Bernstein forty first Annual Strategic Choices Convention (Transcript)

PayPal Holdings, Inc. (PYPL) Bernstein forty first Annual Strategic Choices Convention (Transcript)

by Index Investing News
May 28, 2025
0

PayPal Holdings, Inc. (NASDAQ:PYPL) Bernstein forty first Annual Strategic Choices Convention Might 28, 2025 9:00 AM ET Firm Individuals Alex...

Attire Insider: Knowledge and Tendencies for Resellers (2025)

Attire Insider: Knowledge and Tendencies for Resellers (2025)

by Index Investing News
May 28, 2025
0

Most of the world’s main manufacturers and retailers depend on B-Inventory—the world’s largest B2B recommerce platform—to shortly and effectively resell...

Baird Small/Mid Cap Development Fairness Fund Q1 2025 Commentary

Baird Small/Mid Cap Development Fairness Fund Q1 2025 Commentary

by Index Investing News
May 28, 2025
0

This text was written byObserveBaird is a world monetary companies agency offering Personal Wealth Administration, Belief, Asset Administration, Funding Banking,...

Next Post
Report on Iran’s Nuclear Program Stokes Alarm

Report on Iran's Nuclear Program Stokes Alarm

Stock market LIVE: Sensex up 500 pts, Nifty reclaims 22k, metal index gains | News on Markets

Stock market LIVE: Sensex up 500 pts, Nifty reclaims 22k, metal index gains | News on Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Andy Murray: Two-time Wimbledon champion setw up meeting with Andrey Rublev in Indian Wells | Tennis News

Andy Murray: Two-time Wimbledon champion setw up meeting with Andrey Rublev in Indian Wells | Tennis News

March 7, 2024
Why Inflation & the Banking Crisis Aren’t So Bad

Why Inflation & the Banking Crisis Aren’t So Bad

April 9, 2023
Putin sets partial military call-up, won’t ‘bluff’ on nukes

Putin sets partial military call-up, won’t ‘bluff’ on nukes

September 21, 2022
Simply Listed | 212 SW Seventh Avenue

Simply Listed | 212 SW Seventh Avenue

September 2, 2024
US working to avoid World War III while supporting Ukraine – White House — RT World News

US working to avoid World War III while supporting Ukraine – White House — RT World News

May 20, 2023
Why I Think Capital One Is a (Nearly) Perfect Bank

Why I Think Capital One Is a (Nearly) Perfect Bank

November 24, 2022
Peru’s Democracy at a Crossroads — Global Issues

Peru’s Democracy at a Crossroads — Global Issues

February 3, 2023
Hosts held in Europa League opener

Hosts held in Europa League opener

September 26, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In