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John Deere Predicts Major Losses as Tariffs Settle In
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Carolina Journal
Carolina Coast OnlineJohn Deere predicts major losses as tariffs settle in
As tariffs settle in, John Deere, one of the nation’s largest manufacturers of heavy farm equipment, continues to suffer financial losses due to tariff costs. In August, John Deere reported that its most recent quarter net income was down 29% from a year earlier, according to a New York Times (NYT) report. The company has reported $300 million in tariff-related costs and predicts an additional $300 million by the end of the year. In addition to…
Which companies and sectors in Peru are more vulnerable to Trump's tariffs?Beyond the agricultural industry, John Deere's focus on PeruThe main supplier of agricultural machinery in the United States, John Deere, is adversely affected by tariffs – mainly on steel, but also on aluminum – as well as by farmers' difficulties in exporting their products to China following the White House's trade war with this country.In his third quarter business re…
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