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.