Trump adjusts tariffs on some metal imports and lowers tariffs on agricultural and industrial equipment.

U.S. President Donald Trump signed a proclamation on Monday adjusting tariffs on some imported copper, aluminum, and steel products in an effort to encourage manufacturing investment and rebuild the U.S. industrial base.

Reuters reported that the White House said in a statement on Monday (June 1) that the new measures would reduce import tariffs on some agricultural equipment from 25% to 15%.

At the same time, mobile industrial equipment such as bulldozers and forklifts will also be subject to a 15% tariff rate if imported from countries that have trade agreements with the United States and enjoy preferential tariff treatment.

Under the new regulations, foreign companies that import capital equipment in which at least 85% by weight of steel or aluminum is “smelted and cast in the United States” can enjoy a lower tariff rate of 10%.

The White House stated that these adjustments will continue until December 31, 2027, with the aim of stimulating short-term investment and helping to rebuild the U.S. industrial base and manufacturing capabilities.

Source: [Lianhe Zaobao] (https://www.zaobao.com/news/world/story20260602-9140410)