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News in English (USA) / 24.09.2024 / 01:00

Trump Threatens John Deere with 200% Tariff at Pennsylvania Roundtable

During a recent roundtable event in Smithton, Pennsylvania, former President Donald Trump discussed issues pertinent to American farmers and manufacturers. He notably threatened John Deere with a hefty 200% tariff if the company decides to shift its production operations to Mexico. This announcement comes amid concerns about the impact of outsourcing on American jobs and the farming sector. Trump emphasized his commitment to supporting American farmers and warned John Deere that such a move would not be taken lightly, reflecting his broader strategy to address economic challenges posed by China's influence on the U.S. economy. Following Trump's remarks, shares of Deere & Co. fell by 2%, highlighting the market's reaction to the tariff threat.