In a week in which the MIC already scored big with Monday's sale of Orbital, today it was the NRA's turn to rejoice, when gun stocks
soared on a Reuters report that the Trump administration was preparing "to make it easier for American gun makers to sell small arms, assault rifles and ammunition" to foreign buyers. The stocks of Ruger, Smith & Wesson and American Outdoor brands have all soared by as much as 18% on the news.
According to Reuters sources, aides to President Donald Trump - which these days mostly includes retired army generasl - are completing a plan to shift oversight of international non-military firearms sales from the State Department to the Commerce Department. The difference is that while the State Department is primarily concerned about international threats to stability and maintains tight restrictions on weapons deals, the Commerce Department typically focuses more on facilitating trade, in other words growing it.
“The NSC is working through the interagency process with the State Department and the Department of Commerce
to ensure that U.S. industries have every advantage in the global marketplace, while at the same time ensuring the responsible export of arms,” said an official with the White House National Security Council.
And that's how Trump repays the NRA for its support during his campaign: the National Rifle Association spent more than $30 million in support of his candidacy. “I am going to come through for you,” Trump told the NRA convention in April.
He now has.
The new rules will reportedly cut government red tape and regulatory costs, boosting U.S. exports of small arms and creating jobs at home.
More at:
http://www.zerohedge.com/news/2017-0...e-export-rules
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