Unusual Machines Soars 22%, Red Cat Climbs 8%, Ondas Gains 4% on Trump's 100% Drone Tariff
Unusual Machines (NYSE:UMAC) shares rose 22% to $33.24 midday Friday, leading a scattered rally in domestic drone stocks. The move follows news of a 100% tariff on drones under President Trump, which also lifted shares of Red Cat and Ondas.
Why it matters — A rally in domestic drone makers on tariff news signals shifting conditions in the defense and unmanned-systems sector that General Dynamics, a major defense contractor, operates within.