New Delhi, June 3 -- The United States has announced a partial reduction in tariffs on certain industrial and agricultural equipment containing steel, aluminium, or copper - bringing the rate down from 25 per cent to 15 per cent.

The revised rates will be effective from June 8, 2026, to December 31, 2027, PTI reported, citing the Global Trade Research Initiative (GTRI).

What Is Covered

Products covered under the reduced tariff include heating and air-conditioning (HVAC) equipment, bulldozers, forklifts, harvesters, agricultural machinery, and select electrical grid equipment.

A new preferential rate of 10 per cent has also been introduced for imported goods manufactured using at least 85 per cent US-origin steel, aluminium, or copper ...