Tractor Makers Warn That Tariffs Will Raise Machinery Prices for Global Farmers
Farmers will soon start feeling the impact from President Donald Trump’s tariffs in the form of higher prices for the machines used to plant, treat and harvest fields.
That’s the warning from AGCO Corp. and CNH Industrial NV. With duties on the rise, the equipment makers will increasingly be forced to pass along the extra costs — both to farmers in the US and to those elsewhere in the world.