Trump lowers tariffs on farming equipment, adjusts steel and aluminum imports
AP News
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President Donald Trump on Monday adjusted tariffs on some steel, aluminum and copper imports, lowering some tariffs on farming equipment and extending tariffs on other equipment.
In an executive order, Trump lowered tariffs on agricultural equipment, including combines and harvesters, to 15% from 25%.
He expanded the existing category of industrial equipment that is subject to a 15% tariff to include mobile industrial equipment like bulldozers and forklifts — when they’re imported from countries that have a trade deal with the U.S. The changes are temporary and set to expire at the end of 2027.