White House trims tariffs on farm, HVAC and some industrial equipment
The White House cut tariffs on some farm and HVAC equipment and parts of industrial machinery, effective June 8, through Dec. 31, 2027.
The White House cut tariffs on some farm and HVAC equipment and parts of industrial machinery, effective June 8, through Dec. 31, 2027.
USTR proposed new tariffs after a forced-labor review of 60 economies, starting a July comment period that could affect prices if finalized.
A June 1 White House proclamation lowers tariffs on some farm gear and HVAC products, while raising duties on other metal items and machinery.
USTR hearings this week could lead to new trade actions on excess capacity, with possible ripple effects for prices and supply chains.