U.S. heavy equipment makers, hurt by tariffs, vow to make them top election theme [Reuters]
Terex Corporation (TEX)
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Source: Reuters
U.S. heavy equipment makers, hurt by tariffs, vow to make them top election theme (Reuters) - America’s heavy equipment makers aim to make tariffs an election year issue after losing market share to imports of foreign goods as a result of the levies on inputs imposed by the Trump administration. The top 10 countries that export construction equipment to the United States gained 9% in market share over the past year, largely due to a loss of competitiveness for domestic producers as tariffs pushed up the cost of imported parts and steel and forced many to raise prices, according to a report seen by Reuters that was set for release on Tuesday by the IHS Market research group. The study was commissioned by the Association of Equipment Manufacturers, a trade group that represents North American-based manufacturers and suppliers. The study covered lost sales from tariffs through last year, before the coronavirus outbreak further upended global supply chains and is feared to hurt demand as
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TEX
Earnings
- 4/25/24 - Beat
TEX
Sec Filings
- 5/3/24 - Form 144
- 4/29/24 - Form 8-K
- 4/26/24 - Form 10-Q
- TEX's page on the SEC website