Trump’s tariff policies are hitting John Deere’s customers hard.
Deere surges to record on optimism for upturn in farm economy
BY GERSON FREITAS JR. AND BLOOMBERG
May 15, 2025
Mark Cuban says Trump’s proposed 200% tariff on John Deere would be a ‘good way to destroy a legendary American company’
BY MARCO QUIROZ-GUTIERREZ
John Deere beat on the top and bottom lines Thursday but said that the company is taking a large hit from tariffs.
The tractor maker said that sales were down and that higher metal tariffs would cost it $600 million, while American farmers face…
John Deere has reported significant hits from weaker agricultural demand, but Wall Street still sees optimism for the company's…
Josh Smith says he'd happily buy the bevel-grinding machines from a U.S. supplier, but he can't. “There’s only two companies in…
"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."
One lawyer says tariffs on low-margin agricultural businesses can “effectively destroy the ability of that business to function.”
