Agricultural Equipment
Coverage of Agricultural Equipment in the Nexus archive.
- Trump makes changes to steel, aluminum and copper tariffs
President Donald Trump adjusted tariffs on steel, aluminum, and copper imports, lowering rates on agricultural equipment and HVAC systems to 15% from 25%, and expanding a 15% tariff to mobile industrial equipment for countries with U.S. trade deals. The changes, effective until 2027, aim to encourage use of U.S. metals and follow prior 2018 and 2025 tariff adjustments under Section 232 of the Trade Expansion Act of 1962.
- Trump amends tariffs on imported steel, aluminum, copper
President Trump adjusted tariffs on imported aluminum, copper, and steel, reducing rates on certain agricultural equipment and HVAC systems from 25% to 15%. The original 25% tariffs on aluminum and steel were initially imposed by Trump.
- Deere Keeps Outlook With Construction Boost as Farmers Struggle
Deere & Co. maintains its financial outlook despite challenges in the agricultural sector, buoyed by strong performance in its construction equipment division. While farmers face economic headwinds, the company's diversified business helps offset weakness in farm equipment demand.