The Rising Influence of Rising Affluence

[DewDiligence]

Trump threatens DE with_steep tariff on_equipment_imported_from Mexico:

https://finance.yahoo.com/news/trump-vows-call-xi-elected-194518506.html

Deere earlier this year said it would lay off 503 workers in Illinois and 310 in Iowa as it faces rising operational costs and declining demand. It’s also acquiring land in Mexico to shift some production previously done in the US.

…“I’m just notifying John Deere right now, if you do that, we’re putting a 200% tariff on everything that you want to sell into the United States,” Trump said Monday, citing reports about the company shifting manufacturing to Mexico.

DE was -1.5% in AH trading.