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Barchart
Barchart
Wajeeh Khan

Red Cat Stock Jumps on Trump Drone Tariff News. Analysts Think It Has 70% More Upside Potential.

Red Cat (RCAT) shares rallied on Friday after President Donald Trump signed a proclamation invoking Section 232 to slap ad valorem tariffs of up to 100% on imported drones and critical components.

The sweeping order targets military-grade foreign unmanned systems while imposing a 25% tariff on smaller commercial models as well to strengthen national security.

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