Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Coming soon: tRump to make it easier for gun manufacturers to ship guns overseas!
WASHINGTON (Reuters) - The Trump administration is preparing to publish on Thursday long-delayed proposed rule changes for the export of U.S. firearms, a State Department official said on Tuesday.
snip:
Domestic gun sales have fallen significantly after soaring under President Barack Obama, when gun enthusiasts stockpiled weapons and ammunition out of fear that the government would tighten gun laws.
A move by the Trump administration to make it simpler to sell small arms abroad may generate business for gun makers American Outdoor Brands (AOBC.O) and Sturm Ruger & Company (RGR.N) in an industry experiencing a deep sales slump since the election of President Donald Trump.
Remington, America’s oldest gun maker, filed for bankruptcy protection in March, weeks after a shooting at a high school in Parkland, Florida, killed 17 people and triggered intensified campaigns for gun control by activists. Remington emerged from bankruptcy last week.
The expected relaxing of rules could increase foreign gun sales by as much as 20 percent, the National Sports Shooting Foundation has estimated. As well as the industry’s big players, it may also help small gunsmiths and specialists who are currently required to pay an annual federal fee to export relatively minor amounts of products.
snip:
Domestic gun sales have fallen significantly after soaring under President Barack Obama, when gun enthusiasts stockpiled weapons and ammunition out of fear that the government would tighten gun laws.
A move by the Trump administration to make it simpler to sell small arms abroad may generate business for gun makers American Outdoor Brands (AOBC.O) and Sturm Ruger & Company (RGR.N) in an industry experiencing a deep sales slump since the election of President Donald Trump.
Remington, America’s oldest gun maker, filed for bankruptcy protection in March, weeks after a shooting at a high school in Parkland, Florida, killed 17 people and triggered intensified campaigns for gun control by activists. Remington emerged from bankruptcy last week.
The expected relaxing of rules could increase foreign gun sales by as much as 20 percent, the National Sports Shooting Foundation has estimated. As well as the industry’s big players, it may also help small gunsmiths and specialists who are currently required to pay an annual federal fee to export relatively minor amounts of products.
[link:https://www.reuters.com/article/us-usa-trump-guns/trump-administration-to-publish-proposed-rule-changes-for-gun-exports-official-idUSKCN1IN2S7|
