A June 1 fact sheet from the White House indicates the base rate on imported equipment like combines and tractors will drop from 25 to 15 percent.
Those tariffs, originally imposed in 2025 as part of the president’s Section 232 program, will remain in place until the end of 2027.
The decision to lower the levies will “address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products,” the fact sheet says.
Equipment manufacturers can earn an even lower tariff rate.
If at least 85 percent of the materials are American melted and poured and cast steel or aluminum by weight, those products will only be tariffed at 10 percent.