U.S. President Donald Trump on Monday signed a proclamation amending tariffs on copper, aluminum and iron imports, the White House said.
The proclamation lowers tariffs on some agricultural equipment from 25 per cent to 15 per cent
It makes mobile industrial equipment, such as bulldozers and forklifts, subject to a 15 per cent tariff “when imported from trade deal countries that are entitled to such treatment,” the White House said in a statement.
The order also allows foreign companies to qualify for a 10 per cent tariff if “their capital equipment include at least 85 per cent U.S. melted and poured or smelted and cast steel or aluminum by weight.”
The changes will last until Dec. 31, 2027 “to spur near–term investments that will rebuild the Nation’s industrial base,” the White House said.