Deere Stock Jumps After Farm Machinery Tariff Slashed -- Market Talk

Dow Jones

06/03

1328 ET - White House confirmation of a reduction in the tariff on agricultural equipment like combines and harvesters is giving Deere stock a boost, up 5.1% to $570.03. U.S. farmers have been bogged down with higher input costs, with machinery being a key driver of that in addition to other categories like more expensive fertilizer and fuel. Deere stock surged in February and March this year, according to FactSet data - but has since given back much of those gains. Net sales were higher in the first three months of 2026, Deere says. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 02, 2026 13:29 ET (17:29 GMT)

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