The order also allows foreign companies to qualify for a reduced 10% tariff if at least 85% of the steel or aluminum used in their equipment is melted, poured, smelted or cast in the United States. The measures will remain in effect until the end of 2027 to encourage investment in domestic industrial capacity. (A representative image)
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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.
Published on June 2, 2026
