China Targets U.S. Farm Equipment with Latest Tariffs

Agricultural and farm machinery manufacturers could soon be affected by retaliatory tariffs from China.  President Donald Trump ordered 10% higher tariffs on imports from China last week.  After the president’s tariffs on Chinese goods took effect, the country struck back with its own 10% tariffs on U.S. goods, including agricultural machinery, which take effect Monday February 10th.  More than 50 U.S. farm and gardening products such as mowers, egg sorting machines, sugarcane harvesters and combines were listed as subject to tariffs, according to China’s Ministry of Finance. Several types of tractors, sprayers and planters were also included on the list.

China’s tariffs come as Deere & Co, CNH and other farm equipment makers struggle with sluggish demand.  After peaking in 2022, farmer incomes have drastically declined in response to lower corn and grain prices, leaving little to no room for heavy equipment upgrades.

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