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Deere Is Trump’s New Tariff Target. What It Means for the Stock.

Deere Is Trump’s New Tariff Target. What It Means for the Stock.

Deere stock recovered earlier losses and gained Tuesday despite former President Donald Trump proposing a new tariff on the company, a move no one saw coming. Trump’s proposal—a 200% tariff on Deere if the company moves manufacturing to Mexico—came on Monday. Shares were down 0.4% in premarket trading.