President Donald Trump on Monday adjusted tariffs on certain steel, aluminum and copper imports, notably lowering rates for farming equipment and expanding categories for industrial machinery.
An executive order reduced tariffs on agricultural equipment, including combines and harvesters, and HVAC systems, from 25 percent to 15 percent. The 15 percent tariff category for industrial equipment was also expanded to encompass mobile machinery like bulldozers and forklifts, provided they are imported from countries with U.S. trade deals.
