House Bill Would Hike Tariffs on Chinese Drones to 30%
Rep. Elise Stefanik, R-N.Y., introduced Drones for First Responders, a bill that would impose a 30% tariff on Chinese drones, with a 5% escalation annually. The bill, co-sponsored by House Select Committee on China Chairman John Moolenaar, R-Mich., along with Reps. Rob Wittman, R-Va., Ashley Hinson, R-Iowa, and Jim Banks, R-Ind., would use the revenue to help farmers, first responders and critical infrastructure facilities to purchase drones made in the U.S. or by allies. The bill also would require that drones imported in 2030 or later not contain certain components made in China.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Coalition for a Prosperous America CEO Michael Stumo praised the bill, making a statement in Stefanik's news release, saying, "Phasing-in tariffs tied with subsidies to incubate new manufacturing industries is precisely the kind of policy Congress should be embracing."