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Ed Krassenstein: U.S. tariffs on foreign drones boost stocks tied to Trump sons

Ed Krassenstein: U.S. tariffs on foreign drones boost stocks tied to Trump sons
U.S. tariffs lift drone stocks linked to Trump

Ed Krassenstein, co-founder and CFO of NFTz.me, reports that the U.S. administration under President Donald Trump has imposed tariffs of up to 100% on foreign drones and parts.

According to Krassenstein, companies linked to Donald Trump’s sons immediately benefitted from the policy change. Unusual Machines, where Donald Trump Jr. is listed as an adviser and investor, saw its stock surge as much as 28%, while Powerus, reportedly backed by both Donald Trump Jr. and Eric Trump via a reverse merger, also experienced notable gains.

Krassenstein has previously highlighted volatile developments linked to the Trump administration. In one report, he described the U.S. Treasury 10-year note yield hitting its highest level since 2007. He also reported on Hunter Biden's criticism of President Trump regarding his actions on cryptocurrency.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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