Trump: "10% Preferential Tariff for Using More U.S. Steel and Aluminum"

Preferential Tariffs on Foreign Equipment and Machinery
Encouraging Greater Use of American-Made Materials
Tariffs on Combines and Harvesters Reduced from 25% to 15%

U.S. President Donald Trump has announced a 10% preferential tariff on foreign-made equipment and machinery containing at least 85% steel or aluminum, as part of an effort to encourage greater use of American steel and aluminum.

The White House stated on June 1 (local time) that President Trump had signed a proclamation implementing these measures to strengthen national security and increase investment in American manufacturing. The move is intended to further incentivize foreign companies to consume more U.S.-made steel and aluminum products.

Additionally, tariffs on agricultural equipment such as combines and harvesters, as well as certain other machinery, will be reduced from 25% to 15%. The range of industrial equipment subject to the existing 15% tariff will be expanded to include “mobile industrial equipment such as bulldozers and forklifts” imported from countries covered by trade agreements.

This tariff adjustment will be implemented temporarily, in effect until December 31, 2027. The White House explained that this measure is intended to spur short-term investment to rebuild the nation’s industrial base.

The White House emphasized that these tariff measures will help protect the U.S. steel, aluminum, and copper industries, boost investment in manufacturing, and create jobs. It also noted that the United States became the world’s third-largest steel producer last year, revitalizing communities in steel industry regions and providing high-quality jobs for American workers.

This content was produced with the assistance of AI translation services.