Trump Lowers Metals Tariffs to ‘Spur’ Investment: Supply Lines

Some US steel and aluminum tariffs are headed lower, under a makeover designed to encourage construction, manufacturing and investment.

The White House late Monday announced it’s reducing rates next week on imports of HVAC equipment and machinery like forklifts, while clarifying the duties on goods from countries that signed trade deals with President Donald Trump.

Here are the main changes, according to the proclamation:

• a drop in the levies on some agricultural and industrial goods to 15% from 25%
• an expanded category of industrial equipment eligible for a rate with countries that have trade agreement with the US
• an ...