Why Trump Easing Gun Export Rules Is Good For American Gun Owners

By Tom Knighton

The Trump administration is apparently looking to ease export restrictions on firearms. As a result, stocks in gun companies surged as people began trying to profit off of the administration’s decision.

Four senior U.S. officials told Reuters the rule change would shift oversight of commercial arms sales from the State Department to the Commerce Department — giving American manufacturers more leeway to sell guns internationally, creating more jobs stateside and adhering to the president’s “Buy American” policy platform.

“Commerce wants more exports to help reduce the trade deficit. Amd State wants to stop things because it sees (arms) proliferation as inherently bad,” one of the officials, who spoke on a condition of anonymity, told Reuters. “We want to make a decision that prioritizes what’s more important. This will allow us to get in the (small arms sales) game for the first time ever.”

Sturm, Ruger and Co. and American Outdoor Brands — Smith & Wesson’s holding company — closed with double digit increases Tuesday. Vista Outdoor stock likewise gained more than 3 percent. The sudden boost follows a “difficult” summer for gun makers and retailers still standing in the shadow of last year’s record-breaking …Read the Rest

Source:: Bearing Arms