The White House reduces import tariffs on agricultural and mobile industrial gear to 15% and modifies metals import rules.
The White House announced tariff reductions on agricultural and industrial equipment, lowering duties from 25% to 15%. Affected imports include combines, harvesters, bulldozers, and forklifts from countries with existing trade agreements.
The adjustments also cover aluminum, steel, and copper imports, though specific changes to metals tariffs were not detailed. The move follows prior trade policy shifts aimed at easing supply chain pressures and reducing costs for domestic industries.
No immediate market reaction was reported, but the changes may lower input costs for U.S. manufacturers and farmers.