US to Adjust Steel and Aluminum Tariffs Starting June 8; HVAC and Farm Equipment Tariffs Cut to 15%
President Trump signed a new proclamation to adjust tariffs on steel and aluminum products starting June 8. Tariffs on certain agricultural equipment and residential HVAC systems will be reduced to 15%, while steel shelving and aluminum printing plates will face a 25% tariff.
📋 Article Processing Timeline
- 📰 Published: June 2, 2026 at 12:53
- 🔍 Collected: June 2, 2026 at 13:08 (15 min after Published)
- 🤖 AI Analyzed: June 2, 2026 at 13:08 (0 min after Collected)
US President Trump signed a new proclamation today to adjust import tariffs on copper, aluminum, and steel products starting at 12:01 AM ET on June 8. Tariffs on certain agricultural equipment and residential heating, ventilation, and air conditioning (HVAC) equipment will be reduced from 25% to 15%. The proclamation states that mobile industrial equipment, such as bulldozers and forklifts, imported from countries with qualifying trade agreements will also be subject to a 15% tariff. If foreign capital equipment contains at least 85% steel or aluminum melted and cast in the US, it may qualify for a 10% tariff. Additionally, two new categories of steel and aluminum derivative products, steel shelving and aluminum lithographic plates, will be subject to a 25% tariff. The new policy will remain in effect until December 31 of next year to 'stimulate near-term investment and rebuild the US industrial base.'
FAQ
What is the impact of the US tariff changes?
Tariffs on agricultural and HVAC equipment are reduced to 15%, lowering cost burdens.