Trodden-down group of heavy machinery stocks got much-needed relief.
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Bellwether Stock Deere Surges Above Key Level. Trump Is Why.
Licensing
01:02 PM ET 06/03/2026
Deere (DE) and heavy machinery stocks continued to rally on Wednesday after the White House announced lower metal tariffs on imported farm and industrial machinery. Deere stock popped further above a key technical level. In a proclamation on Monday, President Donald Trump moved to reduce tariffs on agricultural equipment, like combines and harvesters, from 25% to 15%. The U.S. said…
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