Trump Cuts Tariffs on Agricultural Equipment to 15% From 25%

President Trump signed a proclamation adjusting certain metals tariffs, according to a White House statement.

• Action “also expands the existing category of industrial equipment subject to a 15% tariff to include mobile industrial equipment, like bulldozers and forklifts, when imported from trade deal countries that are entitled to such treatment”
• Also “encourages foreign companies to use more U.S. steel and aluminum by allowing them to qualify for a 10% duty rate, if their capital equipment include at least 85% U.S. melted and poured or smelted and cast steel or aluminum by weight”
• Adjusts tariffs on agricultural equipment, like combines and ...