Tariffs throw US, Canadian farm machinery manufacturers into turmoil | U.S. & World #Canadian #FarmLife #Canada

U.S. Senators Approve Bill To Undo Some Tariffs On Canadian Products - The Metals Service Center Institute

The U.S. Senate approved legislation last week that, if also approved by the U.S. House of Representatives and signed into law by President Donald Trump, would end the Trump administration’s…

Recent trade tariffs have created uncertainty in the U.S. and Canadian agricultural equipment industries, leading to lower demand and delayed investments by farmers. Manufacturers such as Case IH have begun to reduce operations and announce layoffs, amid falling sales and a lack of clarity on how the tariffs will apply. Canadian farmers, particularly in Saskatchewan, are hesitant to purchase new equipment, fearing potential price increases and e…

Tariffs throw US, Canadian farm machinery manufacturers into turmoil | U.S. & World #Canadian #FarmLife #Canada

By Ed White REGINA, Saskatchewan (Reuters) – 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…