Republican Candidate Trump Threatens John Deere with 200% Tariff Over Mexico Move in Pennsylvania

Sep 23, 2024, 08:49 PM

Former President and Republican presidential candidate Donald Trump has threatened John Deere with a 200% tariff on products it sells in the United States if the company proceeds with plans to move its manufacturing business to Mexico. Speaking at a roundtable discussion with farmers in Pennsylvania, Trump emphasized that the tariffs would be imposed to protect American jobs and manufacturing. John Deere recently announced its intention to shift a significant portion of its production to Mexico, prompting Trump's stern warning. The company's stock, represented by ticker $DE, fell over 1% in after-hours trading following the announcement.