Thursday, September 26, 2024

Trump threatens John Deere with 200% tariffs

Donald Trump said on Monday he would slap a 200% tariff on John Deere's (DE.N), opens new tab imports into the United States if the company moved production to Mexico as planned, comments that hit the agricultural equipment manufacturer's share price.

Comments

More from the article...

... Earlier this year, John Deere announced that it was laying off hundreds of employees in the Midwest and increasing its production capacity in Mexico, a decision that upset workers and some political leaders.

"As you know, they've announced a few days ago that they are going to move a lot of their manufacturing business to Mexico," Trump said at an event held in western Pennsylvania. "I am just notifying John Deere right now that if you do that, we are putting a 200% tariff on everything that you want to sell into the United States."

The Republican presidential candidate has frequently said he would slap automakers that move their production to Mexico with a 200% tariff, but this appears to be the first time he has extended that threat to an agricultural equipment company. ...



#1 | Posted by LampLighter at 2024-09-26 02:17 PM

Economic concepts of a policy from a guy who went belly-up running a gambling den, even before he went senile.

#2 | Posted by Doc_Sarvis at 2024-09-26 02:21 PM

That fat ------- dolt can shut the ---- up.

#3 | Posted by LegallyYourDead at 2024-09-26 04:32 PM

John deer better get in line

- - "small government", "don't tread on me" magats

#4 | Posted by ChiefTutMoses at 2024-09-26 06:47 PM

Tariffs get passed onto the consumer.

Who uses John Deere the most?

Farmers.

If they have to pay more for equipment, guess where the money is coming from.

People buying groceries.

Bravo, Trump, bravo.

#5 | Posted by ClownShack at 2024-09-26 06:49 PM

@35 ... Tariffs get passed onto the consumer. ...

Yup. Absolutely.

Though, fmr Pres Trump in his speeches and interviews incorrectly seems to assert that tariffs are paid for by the country they are levied against.

That is wrong on a couple of levels.

First, tariffs are not levied against countries, but against certain goods from countries.

Second, and this is the important one, the cost of tariffs are just passed along to consumers. Tariffs are quite similar to a tax on goods.

So, a general question ... with all the talk of tariffs that fmr Pres Trump spouts in his rally speeches, how does he balance the cost of those tariffs being passed on to consumers with his comments about lowering inflation?

Now, more specifically, why is fmr Pres Trump going after farmers, causing them to pay more for the equipment they need to feed the Country? And, as a follow-up, will those increased costs of farm equipment find their way into the supermarkets?


#6 | Posted by LampLighter at 2024-09-26 07:08 PM

Reporter: How will you lower prices?

Trump: By raising prices.

Slurpers: 4D Chess!

#7 | Posted by Danforth at 2024-09-26 07:14 PM

So, a general question ... with all the talk of tariffs that fmr Pres Trump spouts in his rally speeches, how does he balance the cost of those tariffs being passed on to consumers with his comments about lowering inflation?

He doesn't. It's that simple. In Trump's reality, tariffs are paid by foreign manufacturers, not American consumers and no one is going to change his mind on that. So his inability to tie higher domestic prices for goods to inflation is simply another liberal plot or fake news, no more no less.

This is why criticisms of Harris are so maddening. Trump talks complete gibberish or creates his own reality that doesn't exist, yet it's Harris who can't verbally communicate effectively according to our resident gaslighting champion.

If Trump and Trumpers didn't have projection, they'd never gained any political traction whatsoever. Whatever the accuse Democrats of doing is the very thing they're doing in spades.

#8 | Posted by tonyroma at 2024-09-26 07:16 PM

What is the current tariff on a tractor that's imported into the USA for sale?

#9 | Posted by eberly at 2024-09-26 07:21 PM

Im not a farmer but have had many John Deere over the years such as 45hp 72 inch mm mower and TLB and lesser sizes. These are needed aids for larger size properties and business not farms that need much larger such tools.

Deere needs taught a lesson to support USA just as GM did.

#10 | Posted by Robson at 2024-09-26 07:24 PM

#9

My guess would be zero if they're coming from Mexico due to NAFTA.

#11 | Posted by tonyroma at 2024-09-26 07:27 PM

12-28 % depending on the size.

#12 | Posted by Alexandrite at 2024-09-26 07:28 PM

Thanks for the responses. The president can't just do this....doesn't this have to run through congress?

#13 | Posted by eberly at 2024-09-26 07:35 PM

Eberly is confident the depraved GOP won't go along with it

#14 | Posted by ChiefTutMoses at 2024-09-26 09:42 PM

@#10 ... Im not a farmer but have had many John Deere over the years ...

So, you've had "many John Deere" over the year.

That sounds like a robot response.

What else yer got?


#15 | Posted by LampLighter at 2024-09-26 09:53 PM

@#7 ... Reporter: How will you lower prices?

Trump: By raising prices.

Slurpers: 4D Chess! ...

Bingo.

When fmr Pres Trump speaks of tariffs, he is saying he wants to raise prices. But, how does that relate to his assertion of lowering prices?

Oddly, coincidentally, this ancient song just popped up on the playlist here...

Doors - The End
www.youtube.com


#16 | Posted by LampLighter at 2024-09-26 09:59 PM

I maintained 50 acres for over 30 years and only went through two riding mowers and one kubota tractor
Robson is full of cow manure

#17 | Posted by ChiefTutMoses at 2024-09-26 10:00 PM

Drudge Retort Headlines

Melania Trump Paid $237K for Campaign Appearance (61 comments)

Harris Leads Trump by 5% in Pennsylvania (23 comments)

NYC Mayor Eric Adams Indicted for Straw Campaign Contributions (21 comments)

Hurricane Helene Projected to Hit Florida as Cat 4 (21 comments)

Trump Praises Russia, Russia, Russia (17 comments)

Radio Silence: How Progressives Lost the Airwaves (13 comments)

Trump MIA on Republican Fundraising (11 comments)

Trump Says Criticizing Judges 'Should' be illegal, Despite His Own Record (9 comments)