During an interview in PA on Monday, The Felon Guy threatened John Deere with a 200 percent increase in tariff charges if the company moves production to Mexico. He also claimed that he will add tariffs on numerous goods with or without Congress’ approval. As of yet, he has not threatened his bestie, “Leon” Musk with the same.
- Former President Donald Trump threatened John Deere with a 200% tariff if the agricultural manufacturer moves some of its production to factories in Mexico.
- John Deere plans to shift production of some of its models to Mexico, a move that has resulted in layoffs at some facilities in Iowa.
- Shares of Deere dipped about 1.6% in after-hours trading. Trump made the threat shortly after the closing bell.
He told reporters in Pennsylvania Monday that he would implement his plan to replace most income tax in the U.S. with increased tariffs with or without Congress, stating bluntly, “I don’t need them.”
“I’ll have the right to impose them myself, if they don’t. I’d rather get their support. The ones that understand business all support it.”
“They’ll approve it. And number one, I don’t need them. I don’t need Congress, but they’ll approve it,” Trump responded when asked how he planned to get his tax plan through Congress even though economists have stated it would raise the price of goods.
