John Deere (DE) is reported a record profit two years ago, but President Trump’s tariffs and trade policies have made the company worse off, Kevin Draper of The New York Times reports. Higher tariffs on steel and aluminum have cost the company $300M so far, with another $300M impact expected by the end of the year. Additionally, crop prices are lower, making it so farmers are tighter on cash and less willing to purchase new equipment.
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