NASHVILLE, TENN. (RFD NEWS) — The Trump Administration is lowering tariffs on imported agricultural equipment in an effort to reduce costs for farmers and manufacturers.
President Trump signed a proclamation cutting tariffs on combines, harvesters, and certain other farm equipment from 25 percent down to 15 percent.
The White House says the move is designed to ease cost pressures on producers facing higher expenses for fuel, fertilizer, and machinery while also encouraging additional investment in U.S. manufacturing.
The tariff adjustments will remain in place through Dec. 31, 2027.
Related Stories
Roger McEowen with the Washburn School of Law reviews key highlights from the House Agriculture Committee’s latest farm bill proposal.
The Action Aims to Lower Food Costs for Consumers and Strengthen the Supply Chain
Adequate transportation capacity exists, but fuel costs and soft river demand could widen basis risk.
Lower oil prices may trim input costs but pressure biofuel demand.