White House Announces Tariff Reductions on Steel, Aluminum, and Machinery Imports
By
Brendan Murray
Leave it on the tray for the seagulls.
Summary
The White House announced it is reducing tariffs on certain US steel and aluminum imports, specifically lowering rates on HVAC equipment and machinery like forklifts, while clarifying duties on goods from countries that have trade deals with President Trump. The import tax on farm and construction machinery is being reduced to 15%, in a move designed to encourage construction, manufacturing, and investment.
Key quotes
· 3 pulledSome US steel and aluminum tariffs are headed lower, under a makeover designed to encourage construction, manufacturing and investment.
The White House late Monday announced it's reducing rates next week on imports of HVAC equipment and machinery like forklifts.
The import tax on farm and construction machinery is going down to 15%
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