Tariffs throw US, Canadian farm machinery manufacturers into turmoil [Yahoo! Finance Canada]
CNH Industrial N.V. Common Shares (CNH)
US:NYSE Investor Relations:
cnhindustrial.com/en-us/investor_relations/overview/pages/default.aspx
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Source: Yahoo! Finance Canada
As of Friday, Canadian farmers said they were unclear whether agricultural equipment is subject to the duties or to Canada's retaliatory tariffs. Sorting out the details could take weeks. Meanwhile, farmers' appetite for new combines, tractors and other farm equipment has slumped, and manufacturers are pulling back. In March, Case IH, an agricultural equipment manufacturer based in Racine, Wisconsin, and owned by global giant CNH Industrial, notified hundreds of workers in North Dakota and Minnesota of layoffs. The company did not immediately respond to a request for comment. The uncertainty is scaring off farmers from buying equipment imported from the U.S., farmers and salespeople said in interviews. In Saskatchewan, the Canadian province where much of the country's spring wheat, canola and durum is grown for export, farmers will be very cautious about capital spending, said Bill Prybylski, president of the Agricultural Producers Association of Saskatchewan, with tens of th
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