Trump's win expected to have a major effect on one US industry

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Donald Trump's victory might have eased America's immediate demand for firearms — gun stores around the country have reported softening sales following the election.

Shares of Smith & Wesson slid 25 percent in the aftermath of the election; they're currently hovering at a loss of 17 percent since the election. Another weapons manufacturer, Sturm, Ruger & Co. saw its stock drop almost 17 percent after the election before rebounding up to about 12 percent less than its pre-election value.

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26 PHOTOS
States with the toughest gun laws
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States with the toughest gun laws
National Rifle Association's (NRA) annual meetings and exhibits show in Louisville, Kentucky, May 21, 2016. (Reuters)

#24. West Virginia
Score: 
18
Grade: D- 

West Virginia may rank low in terms of overall gun control, but in 2015 Democratic Gov. Earl Ray Tomblin vetoed a bill that would have allowed people to carry concealed weapons without a permit.

#23. Indiana
Score:
 19.5
Grade: D-

The relatively lax firearm laws in Indiana have led some to link them to gun violence in Chicago.

#22. New Hampshire
Score: 
20.5
Grade: D

New Hampshire requires handgun dealers to obtain a state license, but does not extend the rule to dealers of rifles and shotguns.

#21. Nebraska
Score: 
21.5
Grade: D

Nebraska differs from many states in that it gives local jurisdictions some control over firearm regulations.

#20. Virginia
Score: 
22
Grade: D

Following the Virginia Tech shooting in 2007, the state took greater measures to report mental health records and prohibit sales of firearms to any person who has been "adjudicated as a mental defective."

#19. Ohio
Score: 
24
Grade: D

Ohio does not prohibit the sale of assault weapons nor limit the number of firearms that may be purchased at one time.

#18. Wisconsin
Score: 
25
Grade: D

In a major blow to gun control advocates, Republican Gov. Scott Walker repealedthe state's mandatory 48-hour waiting period for handgun purchases in 2015.

#17. Iowa
Score: 
29
Grade: C-

Iowa took steps to tighten gun control when it enacted child access preventionrequirements upon gun owners.

#16. Colorado
Score: 
29.5
Grade: C-

While Colorado requires licensed firearms dealers to process background checks, it does not impose limits on the number of firearms that may be purchased at one time.

#15. Michigan
Score: 
30
Grade: C

Michigan gun control laws require firearm owners to report handgun purchases and theft of any firearm.

#14. Oregon
Score: 
31
Grade: C

Oregon greatly strengthened its firearm regulations in 2015 when it enacted laws requiring background checks for all firearm purchases.

#13. Pennsylvania
Score: 
35
Grade: C

Compared to other solidly Democratic states, Pennsylvania's gun control laws are relatively lax, with no requirements for firearm owners to obtain licenses or register their weapons.

#12. Minnesota
Score: 
36.5
Grade: C

Although federally licensed firearms dealers must initiate background checks, Minnesota does not require private sellers to do so.

#11. Washington
Score: 
47.5
Grade: B-

Washington requires all firearm dealers to obtain a state license, but does not mandate that individuals register their weapons.

#10. Delaware
Score: 
50.5
Grade: B

Delaware has relatively strict gun control measures, including mandatory background checks and purchase restrictions on domestic violence misdemeanants.

#9. Rhode Island
Score: 
58.5
Grade: B+

Rhode Island may have comprehensive gun control measures overall, but it stilldoes not prohibit the transfer or possession of assault weapons.

#8. Illinois
Score: 
60
Grade: B+

In addition to requiring background checks, Illinois has instituted some design safety standards for handguns.

#7. Hawaii
Score: 
73.5
Grade: B+

In 2014, Hawaii had the lowest number of firearm-related deaths per 100K people. Gun regulation advocates have attributed this to its tight gun control measures.

#6. New York
Score: 
81
Grade: A-

New York enacted major gun control reforms in 2013, including an expansion of the assault weapons ban and requirements for ammunition dealers to conduct background checks.

#5. Massachusetts
Score: 
81.5
Grade: A-

Following the New York reforms, Massachusetts passed a comprehensive gun control bill in 2014 that increased firearm regulations.

#4. Maryland
Score: 
82
Grade: A-

Among Maryland's firearm regulations are a ban on the transfer of certain assault weapons and a mandatory seven-day waiting period prior to the physical transfer of a firearm.

#3. New Jersey
Score: 
86
Grade: A-

Republican Gov. Chris Christie may have shifted to the right on the issue of gun control, but his state still has some of the tightest firearm regulations in the country.

#2. Connecticut
Score: 
86.5
Grade: A-

Connecticut's extensive gun control laws require firearms dealers to obtain a license and mandate background checks for all firearm sales at gun shows.

#1. California
Score: 
93.5
Grade: A-

California takes the top spot as the state with the strictest gun control measures. Among the regulations in place are required background checks and limitations on the number of handguns an individual can purchase each month.

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But NBC reports more minorities may be purchasing firearms.

SEE MORE: A Lot Of Guns Used In New York Crimes Might Come From Out Of State

NBC reports gun store owners said they've seen more minority customers than normal since Nov. 8. The outlet attributes this increase to a growing fear of racially motivated violence and hate crimes.

One gun shop owner told NBC, "You feel that racists now feel like they can attack us just because the president is doing it."

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11 PHOTOS
Smith & Wesson guns
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Smith & Wesson guns

Several people view a wall of Smith & Wesson handguns during the National Rifle Association convention Friday, April 13, 2007 in St. Louis. 

(AP Photo/Jeff Roberson)

In this Jan. 19, 2016 file photo, handguns are displayed at the Smith & Wesson booth at the Shooting, Hunting and Outdoor Trade Show in Las Vegas. Nearly two-thirds of Americans expressed support for stricter gun laws, according to an Associated Press-GFK poll released Saturday, July 23, 2016. A majority of poll respondents oppose banning handguns.

(AP Photo/John Locher, File)

22 caliber Smith and Wesson gun for speed shooting competitions.

(Marc Garanger via Getty Images)

A Smith & Wesson manufacturer display of AR-15 rifles is pictured during Summer Expo at H&H Shooting Sports in Oklahoma City, Thursday, July 14, 2016. In a publicly released letter, Fraternal Order of Police Lodge 123 asked the Oklahoma City Police Department to allow officers to carry personal rifles on duty and equip more officers with body armor for use in active-shooter situations.

(AP Photo/Sue Ogrocki)

This Wednesday, March 25, 2015 photo shows a Smith & Wesson .38 Special in Mountainside, N.J. The gun belonged to IRS investigator Michael Malone, the man who went undercover to infiltrate Al Capone's gang in the 1930s and eventually brought down the feared mobster.

(AP Photo/Julio Cortez)

Smith and Wesson pistols are on display during the National Rifle Association's annual convention Friday, May 3, 2013 in Houston.

(AP Photo/Steve Ueckert)

A Smith and Wesson revolver, the personal weapon of a crew member of a RAF (Royal Air Force) Halifax bomber that was shot down over southern Poland in 1944 with its Canadian and British crew. The revolver was bent by the impact of the crash. The wreckage with items found in it was recently recovered from a muddy field by Polish historians and is waiting to be cleaned at a hangar in Warsaw, Poland, on Friday, Dec. 8, 2006.

(AP Photo/Czarek Sokolowski)

Trade show attendees examine various hand guns in the Smith & Wesson display booth at the Shooting Hunting and Outdoor Tradeshow, Tuesday, Jan. 14, 2014, in Las Vegas.

(AP Photo/Julie Jacobson)

38 caliber Smith and Wesson gun for with double action.

(Marc Garanger via Getty Images)

Manager David Hancock holds a Smith & Wesson 500 handgun as he fills out paperwork for the purchase of the gun at the Bob Moates sport shop in Richmond, Va., Thursday, Nov. 6, 2008.

(AP Photo/Steve Helber)

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That's anecdotal evidence, but reports of racial tension are on the rise. The Southern Poverty Law Center has received more than 700 reports of harassment in the days since Trump's victory.

Trump's presidency is still likely to have a big effect on U.S. gun sales. Fear of impending regulation under the Obama administration helped boost the gun industry by an estimated $9 billion.

Trump, by contrast, has vowed to roll back some existing gun control measures. That's better for gun rights activists but could make consumers less interested in buying guns.

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