Trump Signs Proclamation to Adjust Tariffs on Aluminum, Steel, and Copper Imports

President Donald Trump signed a proclamation on June 1 to amend tariffs on aluminum, steel, and copper imports in an effort to boost investment in the U.S. agriculture and manufacturing sectors.
The proclamation will lower tariffs on agricultural equipment, including combines and harvesters, from 25 percent to 15 percent, and expand the category of industrial equipment that is subject to a 15 percent tariff.
According to a White House fact sheet, mobile industrial equipment such as bulldozers and forklifts—particularly those “imported from trade deal countries that are entitled to such treatment”—will now be subject to a 15 percent tariff.
The proclamation would also allow foreign companies to qualify for a 10 percent duty rate, provided that their capital equipment contains at least 85 percent U.S.-melted steel or aluminum by weight….