Agricultural machinery manufacturers in the U.S. may face challenges due to China’s retaliatory tariffs, which follow President Trump’s recent 10% tariffs on Chinese imports. Effective February 10, these tariffs target over 50 U.S. farm products, including various types of machinery and equipment. Companies like Deere and CNH are already grappling with low demand and declining farmer incomes, which limit equipment upgrades. The Association of Equipment Manufacturers warns that these tariffs raise costs and disrupt supply chains, ultimately harming U.S. economic competitiveness.

Source: https://www.supplychaindive.com/news/china-targets-us-farm-equipment-tariffs-Deere-CNH-AEM/739312/