John Deere forecasts $600 million in tariff impacts this year
1. John Deere warns of $600 million tariff costs for fiscal 2025. 2. Earnings report shows net income down 26% from the previous year. 3. Stock declined approximately 7% following the earnings announcement. 4. Company expects economic recovery bolstered by trade and tax policy changes. 5. Demand growing in Europe and South America despite uncertainties.