TRUMP SAYS DEERE WILL PAY IF THEY RELOCATE JOBS TO MEXICO – KSCJ 1360

FORMER PRESIDENT DONALD TRUMP SAYS JOHN DEERE WILL FACE STEEP TARIFFS ON MACHINERY MADE IN MEXICO IF HE’S REELECTED.

DEERE1 OC……….INTO THE UNITED STATES.” :09

IN JUNE, DEERE ANNOUNCED IT WOULD SHIFT PRODUCTION OF SKID LOADERS AND COMPACT TRACK LOADERS FROM ITS PLANT IN DUBUQUE TO FACILITIES IN MEXICO BY THE END OF 2026.

DEERE2 OC…….AND OUR JOBS.” :09

SINCE MARCH, DEERE HAS LAID OFF ABOUT 24-HUNDRED WORKERS AT ITS PLANTS IN ANKENY, DUBUQUE, OTTUMWA, WATERLOO AND THE QUAD CITIES AND AT ITS RESEARCH AND BUSINESS OFFICES IN DUBUQUE, JOHNSTON, URBANDALE AND MOLINE, ILLINOIS.

DEERE HAS SAID IT’S RESPONDING TO MARKET CONDITIONS, AS LOWER CROP PRICES AND HIGHER INTEREST RATES HAVE DEPRESSED DEMAND FOR ITS EQUIPMENT.

DEERE HAS NOT RESPONDED DIRECTLY TO TRUMP’S COMMENTS, BUT A COMPANY SPOKESPERSON SAID IT IS SOMETIMES NECESSARY TO MOVE LESS COMPLEX OPERATIONS TO OTHER LOCATIONS IN ORDER TO POSITION DEERE’S HIGHLY VALUE-ADDED ACTIVITIES IN U-S FACTORIES.

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