• cream_provider [null/void]@hexbear.net
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    20 days ago

    Tractor manufacturer John Deere is feeling the impact of tariffs, which it says could cost the company $600 million in 2025. In an earnings call on Thursday, company executives revealed that tariffs have already led to $300 million in costs this year. This financial strain has contributed to a decline in net income for the quarter. Executives are hopeful that future trade deals and a more favorable tax environment will offer some relief.