Former President Trump said he'll impose 200% tariffs on John Deere's imported products if it shifts production from the Midwestern U.S. to Mexico as previously announced.
Former President Donald Trump on Monday vowed to impose a 200% tariff on John Deere's imports into the U.S. if the company moves some of its production to Mexico. John Deere announced earlier this year that it would lay off about 600 employees at three plants effective Aug. 30 as part of a plan to move production of skid steer loaders and compact track loaders to an existing facility in Mexico by the end of 2026.
John Deere explained the decision to shift some production to Mexico as "optimizing our factories for future products, making our operations more efficient and taking advantage of locations in the U.S. and globally, with a growing labor force." The company recently noted that it has invested more than $2 billion in its U.S.
In order to position our U.S. factories to undertake these highly value-additive activities it is sometimes necessary to move less complex operations, such as cab assembly, to other locations," John Deere said in a post explaining its investments in U.S. manufacturing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump threatens '200% tariff' if John Deere moves production to MexicoFormer President Donald Trump, the Republican nominee, has made tariffs a key element of his campaign's economic policy.
Read more »
Trump Threatens 200% Tariff on John Deere if Production Moves to MexicoFormer President Donald Trump threatened agricultural manufacturer John Deere with a 200% tariff if the company moves some production to Mexico. He made the threat during a campaign event in Pennsylvania, citing John Deere's plan to shift production of some models south of the border.
Read more »
Donald Trump Vows 200% Tariff on John Deere if It Moves Manufacturing to MexicoSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Trump Threatens John Deere With 200% Tariff If It Moves Production To MexicoFormer President Donald Trump threatened agricultural manufacturer John Deere with a 200% tariff if it moves some of its production to factories in Mexico. This follows John Deere's plans to shift production of some models to Mexico, resulting in layoffs at facilities in Iowa.
Read more »
Trump threatens John Deere with 200% tariff if it moves production to MexicoTrump said the manufacturing shift to Mexico is hurting “our farmers” and “our manufacturing.”
Read more »
Deere drops 2% as Trump threatens 'a 200% tariff' if it shifts business to MexicoDeere drops 2% as Trump threatens 'a 200% tariff' if it shifts business to Mexico
Read more »