On June 1, 2026, President Donald J. Trump signed a proclamation that revised tariffs on several metal imports to support domestic manufacturing and national security. The new tariff rates lower the duty on agricultural equipment such as combines and harvesters from 25% to 15%. The proclamation also expands the 15% duty to mobile industrial equipment, including bulldozers and forklifts, when imported from trade‑deal partner countries. Additionally, foreign firms that use at least 85% U.S. steel or aluminum in their capital equipment may qualify for a 10% duty rate. The changes are temporary, ending on December 31, 2027, and are intended to stimulate investment in U.S. steel, aluminum, and copper production, as well as related manufacturing sectors. The administration cites recent growth in U.S. steel output and new plant construction as evidence of the policy’s impact.
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