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Stock impact report

US tariff fight shifts to heavy machinery imported from Mexico [Yahoo! Finance]

CNH Industrial N.V. Common Shares (CNH) 
Company Research Source: Yahoo! Finance
In a letter to Commerce Secretary Howard Lutnick, Sens. Tammy Baldwin, (D-Wisconsin), and Bernie Moreno, (R-Ohio), called for a Section 232 investigation into heavy equipment imports, including agricultural implements, construction and mining equipment, forestry equipment, heavy machinery and related parts. The request comes as the Trump administration prepares for a scheduled review of the U.S.-Mexico-Canada Agreement later this year and continues to rely on Section 232 national security investigations as a legal pathway for tariffs on key industries. Senators cite offshoring, job losses Baldwin and Moreno said major manufacturers — including Deere & Co., Caterpillar and CNH Industrial — have shifted production to Mexico while continuing to sell equipment into the U.S. market, a trend they said has cost American manufacturing jobs. The senators pointed to layoffs and plant closures tied to production moves abroad, including CNH layoffs in Wisconsin and a plant closure in Iow Show less Read more
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