US is reducing duties on agricultural machinery imports.
The Trump administration will temporarily lower tariffs on imported agricultural and construction equipment to stimulate investment and boost production in the country’s industrial sector.
The tariff on imported agricultural and construction equipment will be reduced to 15% from 25%, according to a White House statement. Foreign companies will be eligible for an even lower tariff of 10% if their equipment contains at least 85% U.S. steel or aluminum.
The changes will take effect on June 8 and remain in effect until the end of 2027.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Certified sustainable palm oil already accounts for 20% of the global market
Grain is the second most sensitive issue in Poland after historical disputes
Ukraine allows settlement deadlines for grain and oilseed exporters to be extended...
Sunflower seed purchase prices in Ukraine rise by $23/t in a week
Spain and Egypt were the largest buyers of Ukrainian wheat in August
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon