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United States adjusts Section 232 tariffs for imports of aluminum, steel, and copper

Temporary tariff modifications through 2027

june 2, 2026

President Trump on June 1, 2026, signed a proclamation adjusting aluminum, steel, and copper tariffs under Section 232 of the Trade Expansion Act of 1962 to address national security threats and bolster domestic manufacturing.

According to a White House release, the new proclamation temporarily adjusts tariffs on agricultural equipment, such as combines and harvesters, from 25% to 15%. It also expands the existing category of industrial equipment subject to a 15% tariff to include mobile industrial equipment, such as bulldozers and forklifts, when imported from trade deal countries that are entitled to such treatment.

Foreign companies may qualify for a 10% duty rate if their capital equipment includes at least 85% by weight of U.S. melted and poured steel or smelted and cast aluminum.

The tariff modifications are temporary and are scheduled to remain in effect until December 31, 2027.

For more information, contact a professional with KPMG Trade & Customs services:

 

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@kpmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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