Friday, October 27, 2023

US Freezes Gun Exports, Reviews Its Backing of Firearm Industry

  • Commerce wants to ensure it’s not undermining policy interests
  • Action follows Bloomberg investigation documenting federal aid

 

The Commerce Department is halting exports of most US-made firearms for 90 days and reviewing its support of the country’s biggest gun trade show to ensure it “does not undermine US policy interests” — steps that could slow two decades of growth of gun sales abroad.

The department late Friday announced the pause in approval of new export licenses for semiautomatic and non-automatic firearms sold to non-government entities around the world. The freeze doesn’t apply to Israel, Ukraine and about 40 other countries that participate with the US in a multilateral export-control agreement. But it does cover some of the biggest markets for American gunmakers, including Brazil, Thailand and Guatemala, where a Bloomberg News investigation documented the impact of government assistance for those companies.

https://www.bloomberg.com/news/articles/2023-10-28/us-freezes-gun-exports-reviews-its-backing-of-firearm-industry

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