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White House Imposes 25%–100% Tariffs on Imported Drones and Components

The White House is imposing new import duties on drones and related components under a national-security rationale, with rates ranging from 25% to 100%. Lower tariffs will apply to qualifying allied supply chains, while the policy is designed to encourage domestic drone manufacturing and pressure users toward U.S.-made systems.

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Ethiopian Airlines has $90 million in overseas ticket revenue blocked, including $45 million in Russia

Ethiopian Airlines says it cannot repatriate $90 million in ticket revenue held in overseas markets, including $45 million trapped in Russia because of financial sanctions imposed after the war in Ukraine. The blocked funds underscore the cash-flow and settlement risks sanctions create for international carriers.

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Lockheed Martin pursues North American scandium and germanium supplies to reduce China dependence

Lockheed Martin is negotiating potential supplies of scandium and germanium from North American producers, including NioCorp, Teck Resources and 5N Plus, as pressure builds to strengthen U.S. defense-material supply chains. NioCorp’s preliminary agreement could cover up to 15 metric tons of scandium oxide annually for 10 years.

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US sanctions Mahan Air sales agents in China, India and Russia

The U.S. Treasury’s Office of Foreign Assets Control designated five entities and one individual in China, India and Russia for allegedly acting as general sales agents for Iran’s Mahan Air. The action expands pressure on the airline’s international commercial network and its overseas service providers.

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Bloomberg

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Tesla weighs China carveout to clear potential path for SpaceX merger, with Musk denying separation plans

Tesla is reportedly considering selling or spinning off its China operations as part of preparations for a potential merger with SpaceX. A separate China business could reduce regulatory complications tied to SpaceX’s U.S. defense work and possible scrutiny from Beijing, though Musk has denied plans to separate the unit.

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