LOS ANGELES, June 1 (Reuters) – 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.
(Reporting by Christian Martinez; Editing by Caitlin Webber)
