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The Economic Times

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US tariffs on agricultural machines to be cut, 50% metal levies stay

The US has reduced tariffs on farm equipment to 15% and introduced a new 10% tariff for products using at least 85% US-origin metals. These changes, lasting until December 31, 2027, aim to lower costs for American farmers and manufacturers. However, core metal tariffs remain high, with limited overall benefit expected for India.

3 Jun 2026 12:21 am