The administration of U.S. President Donald Trump has lowered the import tariff charged on agriculture equipment to 15% from 25% previously.
In a proclamation, Trump lowered the tariffs applied to agricultural equipment such as harvesters to 15%.
The president also lowered tariffs to 10% on agriculture products that are made in another country but consist of at least 85% U.S. steel, aluminum, or copper.
The move is the latest by the Trump administration to limit the damage caused by its trade wars heading into the Midterm Congressional elections this autumn.
The tariff reduction also comes amid heavy lobbying from farmers and the agriculture industry, which has been hit hard by U.S. tariffs on foreign imports.
The reduced tariffs on agriculture equipment take effect on June 8 and run through the end of 2027.
Farmers across the U.S. have been grumbling about tariffs, rising oil prices, labor shortages, and slumping crop prices, all of which are hurting them economically.
The North American agriculture equipment market is expected to decline 15% to 20% this year, according to commodities analysts.
Leading U.S. farm equipment manufacturers include Deere & Co. (NYSE: $DE) and Agco Corp. (NYSE: $AGCO).
COMTEX_482685745/2797/2026-06-02T14:22:24