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US President Donald Trump signed an order to cut tariffs on agricultural equipment, the White House said, as farmers and manufacturers face pressure from surging costs over the Middle East war, AFP reports.
Trump’s proclamation reduces the duty rate on machinery like harvesters, alongside certain other equipment, from 25 per cent to 15pc.
Foreign companies can also qualify for a 10pc duty rate if their manufacturing equipment contains at least 85pc US steel or aluminum, the White House added in a fact sheet.
