U.S. President Donald
Trump on Monday signed a proclamation amending tariffs on some
copper, aluminum and iron imports, the White House said.
* The proclamation lowers tariffs on some agricultural
equipment from 25% to 15%
* It makes mobile industrial equipment, such as bulldozers
and forklifts, subject to a 15% 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% tariff if “their capital equipment include at least 85% U.S.
melted and poured or smelted and cast steel or aluminum by
weight.”
* The changes will last until December 31, 2027 “to spur
near–term investments that will rebuild the Nation’s industrial
base,” the White House said.