Ford, Apple, now John Deer, this is what tariffs are designed to do, bring manufacturing back to the US and it seems to be working.
Key Facts:
John Deere will invest nearly $20 billion in U.S. operations over the next 10 years.
The plan includes new product development, advanced manufacturing, and “cutting-edge” technology.
Current projects include a $70 million excavator plant in North Carolina, a $40 million sprayer expansion in Iowa, and a $150 million combine upgrade in Illinois.
Around 80% of U.S. sales and 25% of international sales come from products made domestically.
John Deere employs about 30,000 people in the U.S., with dealerships adding another 50,000 jobs.
https://tfppwire.com/john-deere-announces-20b-investment-into-us-manufacturing/
By
airflite1 ·
