Trump Threatens John Deere With 200% Tariff Over Mexico Manufacturing Move. Shares for the Company Fell Over 1% in After-Hours Trading.

Benzinga
Benzinga
  • 12 hours ago
Former President Donald Trump threatened a 200% tariff on John Deere if the company moves production to Mexico. Trump warned that Deere’s shift in manufacturing, which has already led to layoffs in Iowa, would result in hefty tariffs on their products entering the U.S. The company responded by highlighting its commitment to U.S. factories but defended the relocation of less complex operations to other countries. After Trump's remarks, Deere shares fell more than 1% in after-hours trading.

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