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Trump has adjusted tariffs on steel and aluminum, reducing them to 15% in an attempt to stimulate investment in the United States. He also opened the door for foreign companies to receive a 10% tariff if they primarily use materials produced in the United States.
June 2, 2569 at 10.49:XNUMX a.m., Reuters reported that Donald Trump, President of the United States A declaration was signed in Monday (June 2) to amend import tariff measures under Section 232. These are national security measures applied to the import of certain types of steel, aluminum, and copper, including both reducing tariffs on some product groups and adding to the list of taxable goods.
White House specify that The new measures will reduce import tariffs on certain steel and aluminum derivatives to 15% from the previous 25%, covering items such as some agricultural machinery, as well as heating, air conditioning, and ventilation systems for residences.
In addition, mobile industrial machinery such as bulldozers and forklifts will be subject to a 15% tariff if imported from countries that have trade agreements with the United States and receive benefits under those agreements.
This order also allows foreign companies to receive a lower tariff rate of 10% if imported equipment or machinery uses at least 85% of its weight in steel or aluminum that has been smelted and manufactured in the United States.
On the other hand, the U.S. government added two more types of steel and aluminum derivatives to the list of products subject to a 25% import tariff. These include steel racks and aluminum lithographic plates.
These revised measures will take effect on goods imported into the United States or removed from bonded warehouses starting at 00:01 a.m. on June 8, 2026, U.S. time.
White House specify that This new measure will be in effect until December 31, 2570, and is aimed at stimulating short-term investment and helping to restore a stronger U.S. industrial production base in the long term.
refer : www.reuters.com
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