White House releases Fact Sheet stating President Trump signed a Proclamation adjusting certain metals tariffs to more effectively address national security threats and spur investment
- The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%.
- The Proclamation 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.
- The Proclamation encourages foreign companies to use more U.S. steel and aluminium by allowing them to qualify for a 10% duty rate, if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminium by weight.
- These tariff changes are temporary, lasting until December 31, 2027, to spur near–term investments that will rebuild the Nation’s industrial base.
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