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News in English (USA) / 25.09.2024 / 17:00

Trump Threatens John Deere with 200% Tariff Over Production Move to Mexico

Former President Donald Trump has sparked controversy by threatening to impose a staggering 200% tariff on products from John Deere if the company relocates any manufacturing operations to Mexico. During a recent campaign event in Pennsylvania, Trump warned the iconic agricultural machinery manufacturer about the potential tariffs, stating it was vital to keep jobs within the United States. Economists, including an Iowa-based financial expert, have criticized Trump's proposals as lacking sense and warned that such tariffs could have unintended consequences on consumers and complicate global trade relations. Notable figures like Mark Cuban have also expressed strong disapproval, labeling the tariff threat as 'insane'. As the situation unfolds, it raises significant questions about the impact of Trump's protectionist trade policies amid increasing economic tensions.
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