Deere Braces for an Autumn of Tariffs

Deere raised its expected cost for tariffs this year, anticipating that expenses will accelerate rapidly this fall. Deere said Thursday that it expects to pay $600 million for duties during its fiscal year ending in October, up from $500 million forecast earlier this year. Through the past three quarters, the farm and construction machinery manufacturer said it paid about $300 million, meaning that its tariff costs for the current quarter are likely to total another $300 million.

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