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Market
China's response to U.S. drone tariff by mid-2025
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Resolution / Starting Odds
Retaliatory tariffs • 33%
Negotiation for exemptions • 33%
No significant response • 34%
Official statements from the Chinese government or its trade representatives
Story
House Republicans Propose 30% Tariff on Chinese Drones, Ban by 2030
May 15, 2024, 06:15 PM
House Republicans have introduced legislation proposing a 30% tariff increase on Chinese-made drones and a ban on imports containing critical Chinese components by 2030. Led by Representative Elise Stefanik, the legislation aims to reduce U.S. reliance on the Chinese Communist Party for drones critical to first responder operations. Representative Rob Wittman expressed support for the bill, emphasizing the importance of bolstering domestic drone capabilities. The bill is known as the Drones for First Responders Act.
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Retaliatory tariffs • 33%
Negotiations for tariff reductions • 33%
No significant response • 34%
Retaliatory tariffs • 33%
Negotiations with EU • 33%
No significant response • 33%
Yes • 50%
No • 50%
Implement similar tariffs • 33%
Negotiate for exemptions • 33%
No significant change • 33%
Formal complaint to WTO • 25%
Bilateral negotiations • 25%
Retaliatory tariffs • 25%
No significant action • 25%
Increase prices for US market • 33%
Seek new markets outside the US • 33%
Negotiate exemptions or reductions • 34%
Retaliatory economic measures • 25%
Formal diplomatic protest • 25%
Negotiations for resolution • 25%
No significant response • 25%
Retaliatory economic measures • 33%
Diplomatic negotiations • 33%
No significant response • 34%
Diplomatic Negotiations • 20%
Cyber Countermeasures • 20%
Economic Sanctions • 20%
Military Posturing • 20%
No Significant Action • 20%
No action taken • 33%
Tariff adjustments recommended • 33%
Sanctions against either party • 34%