US President Trump signs a proclamation amending tariffs on some metal imports
The White House announced on Monday that United States (US) President Donald Trump has signed a proclamation amending tariffs on some copper, aluminum and iron imports.
Amendments
The proclamation lowers tariffs on some agricultural equipment from 25% to 15%.
It makes mobile industrial equipment, such as bulldozers and forklifts, subject to a 15% tariff when imported from trade deal countries that are entitled to such treatment.
The order also allows foreign companies to qualify for a 10% tariff if "their capital equipment includes at least 85% U.S. melted and poured or smelted and cast steel or aluminum by weight."
The changes will last until December 31, 2027, to spur near-term investments that will rebuild the Nation’s industrial base.
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