Once-booming gun industry now recalibrating under Trump - KWWL - Eastern Iowa Breaking News, Weather, Closings

Once-booming gun industry now recalibrating under Trump

Posted: Updated:
(AP) -

   WEBSTER, Texas -- President Donald Trump promised to revive manufacturing in the United States, but there's one once-burgeoning sector poised to shrink under his watch: the gun industry.
   Fears of government limits on guns led to a surge in demand during President Barack Obama's tenure and manufacturers leapt to keep up.
   Over the decade ending in 2015, the number of U.S. companies licensed to make firearms jumped a whopping 362 percent.
   But sales are down and the bubble appears to be bursting with a staunch advocate for gun rights in the White House and Republicans ruling Congress.

Powered by Frankly