US President Donald Trump has signed a decree amending tariffs on imports of steel, aluminum and copper provided for in Section 232. This will be discussed in a statement from the White House.
The document plans to reduce tariffs on some steel and aluminum products from the previous 25% to 15%. In particular, we are talking about certain types of agricultural machinery and equipment for heating, air conditioning and ventilation of residential premises.,
Mobile industrial equipment such as bulldozers and loaders will be subject to a 15% tariff "in the case of imports from countries that have concluded trade agreements and are eligible for such treatment."
It is noted that the Proclamation encourages foreign companies to use more American steel and aluminum, allowing them to qualify for a 10% duty rate if their capital equipment contains at least 85% steel or aluminum by weight, smelted or bottled in the United States.
The tariff changes are temporary and will remain in effect until December 31, 2027, to encourage short-term investments that will restore the country's industrial base.
The adjustments will take effect for goods imported or withdrawn from customs warehouses after 00:01 Eastern time on June 8.
