President Trump lowered Section 232 tariff rates for certain HVAC components, providing what some estimates show as billions of dollars in savings for consumers.
President Donald Trump temporarily lowered certain tariff rates to relieve ongoing difficulties caused by tariffs on steel and aluminum. On June 1, the president signed a proclamation that adjusted Section 232 tariffs. Among those adjustments was lowering the rate for derivative products used in residential HVAC systems and components from 25% to 15%. The adjustment lasts through 2027 and could create billions in savings, according to industry association estimates.
Read more about Section 232 tariff relief here.
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Chris Gray is an editor with The ACHR NEWS. He holds a bachelor’s in journalism from Wayne State University and has 20-plus years of experience in journalism and copywriting. He can be reached at 248-244-6498 or chrisgray@achrnews.com.
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