- President Donald Trump has claimed to support domestic manufacturing, but his tariff policies have already hit farmers—and by extension homegrown manufacturer John Deere. An economic battle with China has hit farmers’ pockets as soybean exports to a large buyer fell. Meanwhile, tariff instability has forced farmers to exercise caution and cut back on new equipment purchases, which has affected John Deere’s bottom line.
John Deere is the kind of homegrown, domestic manufacturer President Donald Trump claims to support, yet his tariffs and hostility toward China are threatening its bottom line.
