[White House Reduces Tariffs on Agricultural Equipment from 25% to 15%, Effective Until End of 2027] Jin10 News, June 2 – The White House announced that it will lower tariffs on agricultural equipment such as combines and harvesters to reduce costs for American farmers and manufacturers. According to an announcement released late Monday, these tariffs will be reduced from 25% to 15%. This preferential measure will take effect on June 8 and will last until the end of 2027. Globally, aluminum buyers have been impacted by the closure of the Strait of Hormuz and unrest in the Persian Gulf, a region that accounts for nearly 10% of global supply. Since the outbreak of the Iran war, diesel prices have also been rising. Trump cited rising costs as the reason for this move. The President's announcement stated: "Among other things, the Secretary of Commerce has informed me that recent developments have already and will continue to affect domestic industries that use agricultural equipment, industrial equipment, machinery, and other related products."