AGCO has publicly stated its intention to pause equipment deliveries into the U.S. It manufactures some Fendt and Massey-Ferguson branded equipment in Germany and France, among other locations, for the North American market.
It was unclear after the announcement how the tariff would be applied to the integrated North American auto sector, which builds sub-assemblies for autos in all three countries before they're added to finished vehicles.
As the trade war rages and the U.S. administration continues to threaten Canadian sovereignty, it’s no surprise Mark Carney is bypassing Washington and heading to Europe on his first international trip as prime minister.
As NATO secretary general Mark Rutte sat quietly beside U.S. president Donald Trump in an Oval Office press conference March 13, the president declared that Canada, a key NATO nation, should willingly submit to American dominance.
Agco announced Wednesday that it and Italy-based SDF (Same-Deutz-Fahr) have signed a supply agreement. SDF will build a low-horsepower range of utility tractors for Agco’s Massey Ferguson brand.
The uncertainty surrounding the threat of substantial tariffs on key U.S. trading partners has North American businesses on edge. That is especially true for agricultural equipment manufacturers and the dealers that retail their products.