John Deere Faces Challenges from Tariffs and Economic Struggles
TL;DR Summary
John Deere, a leading U.S. agricultural equipment manufacturer, is facing declining sales and expects a 15-20% drop in large machinery sales by 2025 due to tariffs and reduced overseas demand for crops, impacting its revenue and the farming industry.
- John Deere, a U.S. Icon, Is Undermined by Tariffs and Struggling Farmers The New York Times
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- John Deere announces another round of layoffs after poor earnings report iowafarmbureau.com
- John Deere to lay off 71 workers in Waterloo and East Moline Plant Services
- What Farm Equipment Manufacturers Are Saying About 50% Steel and Aluminum Tariffs AgWeb
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