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FARM AND CONSTRUCTION MACHINERY MFGRS STOCK PRICE UP DURING TARIFF PAUSE
Apr. 10, 2025
By Kelly Cloonan, Dow Jones
Farm- and construction-equipment stocks rose after President Trump placed a 90-day pause on reciprocal tariffs for most trading partners.
CNH Industrial led the climb, up 11% to $11.47. Deere rose 9% to $448.72 and Caterpillar climbed 8% to $296.83. Tractor Supply also rose, up 6%.
The stock moves follow days of declines for the industry after Trump unveiled initial reciprocal tariff plans last Wednesday. Analysts have worried a trade war, including China's 10% tariff on U.S. soybeans, will weigh on U.S. farmers and, in turn, agricultural machinery sales.
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