Trump intends to loosen control over firearms exports.
Howard Lutnik, a candidate for the position of Secretary of Commerce under President Donald Trump, announced a change in restrictions regarding firearms exports that were implemented by the Biden administration.
According to Reuters, in April 2024, the Biden administration imposed restrictions on arms sales to private buyers in 36 countries where there is a high risk of improper use. Earlier, in 2023, exports were temporarily banned, reports Economic Truth.
At that Time, the Department of Commerce projected a 7% reduction in annual U.S. firearms exports, or $40 million.
However, Senator Eric Schmidt stated that these restrictions resulted in losses of hundreds of millions of dollars annually for American manufacturers. According to industry associations, losses from arms sales in 2023 amounted to $238 million.
Read also
- The Kremlin has started to provide shelters: Information about bomb shelters will be available on the Russian portal 'Gosuslugi'
- Cyber specialists of the GUR hacked the resources of the Russian manufacturer of strategic bombers
- Ukraine has every legal and moral right to nuclear weapons, - Andriy Biletsky
- Elon Got Upset: The Real Reasons Behind Musk's Criticism of Trump
- The War Split the Russian Economy: Military Production on the Rise, Civil Sectors Declining
- The enemy is trying to break through to the south to the administrative border of three regions
