04/07/2025

Tariffs Throw U.S., Canadian Farm Machinery Manufacturers into Turmoil

U.S. farm machine makers face headwinds in both countries

All around a recent farm show in Canada, equipment salespeople struggled to swing deals with farmers worried about tariffs.

With some combines costing more than $800,000, a surprise price hike from a tariff would be a hit most farm budgets cannot easily take.

Canada was spared the Trump administration's broad global tariffs on April 2 but faces tariffs on steel and aluminum exports to the U.S. as well as on autos not compliant with the United States-Mexico-Canada Agreement on trade.

Please select this link to read the complete article from Reuters.