US farm equipment makers rise after Trump's 90-day pause on tariffs

ReutersApr 9, 2025 5:57 PM

Shares of U.S.-based farm equipment makers rise after U.S. President Donald Trump authorizes a 90-day pause as part of his tariff plan

Caterpillar CAT.N rises 5.6%, Deere DE.N up 7.3%, CNH Industrial CNH.N up 6.4% and AGCO AGCO.N up 7.1%

Trump, however, says he is raising the tariff rate for China to 125%, effective immediately

YTD, Dow Jones U.S. Industrials Index .DJUSIN down 9.2%

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