Farm Equipment manufacturers say they are struggling under the high tariffs set by President Trump.
Case IH’s Kurt Coffey, who serves as the company’s vice president of its North America division, says the executive team he is on meets daily to unpack global trade developments.
Case IH is in a good position overall, he says, with 80% to 90% of its machines produced in one of four U.S. production facilities, and 95% of its machinery base material (i.e. steel) sourced domestically.
We’ve continued to focus on how we make sure our customers have what they need as they’re going to harvest.
German-based manufacturer Claas is a different story. Eighty percent of its row crop machinery portfolio is built in Europe and shipped to dealer lots in the U.S.
Eric Raby, senior vice president of Claas, says, “We’ve absorbed a lot, as well. We’re not passing all of it to the customer.”
