John Deere and other American farm equipment manufacturers will be hoping to avoid a decline in profits this year as they try to absorb the impact of tariffs in tandem with slower business due to crop prices.
The company, which is the leading supplier of farm equipment in the United States, is in a worse financial position now than it was a year ago. In its Q3 earnings report, John Deere said its net income was down 26 percent compared to the same time last year. It also saw a 9 percent decline in sales.
