Mon Sep 23 23:20:52 UTC 2024: ## Trump Threatens 200% Tariff on John Deere if Company Relocates to Mexico
Former President Donald Trump has issued a warning to John Deere, threatening to impose a 200% tariff on the company’s products if it proceeds with plans to relocate some manufacturing operations to Mexico.
During a speech to farmers in Smithton, Pennsylvania, Trump highlighted John Deere’s recent decision to move skid steer and compact track loader production from Dubuque, Iowa to Mexico by 2026. He stated that if elected in 2024, he would implement the hefty tariff, effectively preventing the company from selling its products in the United States.
Trump characterized the move as a betrayal of American workers, claiming that the company’s decision to move manufacturing to Mexico is driven by a desire to cut costs. He emphasized his belief that his economic policies, including tariffs and increased energy production, would create jobs and protect American industries.
John Deere has defended its decision, citing rising manufacturing costs and a need to enhance efficiency in the face of changing business conditions. The company announced plans to lay off 610 employees across its plants in Illinois and Iowa as part of the relocation.
Trump’s threat is a continuation of his campaign theme of “America First” and his focus on protecting domestic manufacturing jobs. It remains to be seen whether his threat will deter John Deere from its planned relocation.
First Piper 