Trump Revises Metals Tariffs to Boost U.S. Manufacturing and Industrial Investment
- brg_news_room
- 2 days ago
- 1 min read
USA: Donald Trump signed a proclamation revising tariffs on selected metal-related imports to better address national security concerns, encourage investment in U.S. agriculture, housing, and manufacturing, and support domestic production of related goods.
Under the revised measures, tariffs on certain agricultural machinery, including combines and harvesters, have been reduced from 25% to 15%. The proclamation also broadens the scope of industrial equipment eligible for a 15% tariff rate by including mobile industrial machinery, such as bulldozers and forklifts, imported from countries covered under trade agreements that qualify for this treatment.
Additionally, the policy seeks to incentivize foreign manufacturers to incorporate more U.S.-produced steel and aluminum by allowing a reduced 10% duty rate for capital equipment containing at least 85% U.S.-melted and poured steel or smelted and cast aluminum by weight. These tariff adjustments are temporary and will remain in effect through December 31, 2027, with the objective of stimulating near-term investment and strengthening the U.S. industrial base.
Source: The White House
