Trump signs proclamation amending tariffs on steel, aluminum and copper imports

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.

-Christian Martinez/Reuters