Trump in Pennsylvania Threatens 200% Tariff on John Deere if Production Moves to Mexico

Sep 23, 2024, 08:49 PM

Former President Donald Trump has threatened to impose a 200% tariff on John Deere if the company moves its manufacturing business to Mexico. Speaking in Pennsylvania, Trump emphasized his commitment to protecting U.S. manufacturing jobs, stating that the 200% tariffs would apply to all John Deere products sold in the United States. This announcement follows John Deere's plans to relocate a significant portion of its production to Mexico. Trump also mentioned that he would not require congressional approval to implement these tariffs, highlighting his unilateral approach to trade policy. The news has already impacted John Deere's stock, which fell over 1% in after-hours trading.