Trump_is_Mentally_fit Posted August 29 Author Posted August 29 This is just insanity! John Deere might lose $600 million this year to the tariff, Caterpillar is even worse at 1.6 billion!! Ford down $300 million in a quater! The Trump adminstration is waging war on American domestic industries. Any of you people have an opinion on this disaster? https://www.aol.com/caterpillar-falls-raising-annual-tariff-110037471.html In an earnings call on Thursday, the iconic agriculture brand revealed it has already attributed $300 million worth of costs to tariffs for 2025. CNBC reported that the company beat on the top and bottom lines for it's third quarter earnings, but had a significant year-over-year decrease in net income and sales that resulted in a 7% in its share price on Thursday. "Our concern remains that CAT and the construction equipment group have thus far exhibited little to no ability to pass through tariffs," said Angel Castillo, analyst at Morgan Stanley. Caterpillar now expects a tariff hit of $1.5 billion to $1.8 billion this year, up from its prior forecast of up to $1.5 billion. https://www.nytimes.com/2025/07/30/business/ford-profit-tariffs.html Ford Motor said Wednesday that it lost money in the second quarter as tariffs took a toll on its business. The company also said it expected tariffs to cost it a total of $2 billion this year.
Niagara Bill Posted August 29 Posted August 29 Do yourself a favor. History shows when politicians, or dictators take over the National Bank or federal bank, it ALWAYS results in hyper inflation, each and every time. That is where the US economy appears headed.
sherpa Posted August 29 Posted August 29 39 minutes ago, Trump_is_Mentally_fit said: This is just insanity! John Deere might lose $600 million this year to the tariff, Caterpillar is even worse at 1.6 billion!! Ford down $300 million in a quater! The Trump adminstration is waging war on American domestic industries. Any of you people have an opinion on this disaster? Yet...... In it's second quarter earnings release Deere, indicated it would spend 20 billion to expand US manufacturing facilities. How's that for "waging war" on American industries. Deere Massive Expansion
JFKjr Posted August 29 Posted August 29 23 minutes ago, Niagara Bill said: Do yourself a favor. History shows when politicians, or dictators take over the National Bank or federal bank, it ALWAYS results in hyper inflation, each and every time. That is where the US economy appears headed. Sounds like good news for the Canadian dollar.
Trump_is_Mentally_fit Posted August 29 Author Posted August 29 24 minutes ago, sherpa said: Yet...... In it's second quarter earnings release Deere, indicated it would spend 20 billion to expand US manufacturing facilities. How's that for "waging war" on American industries. Deere Massive Expansion Oh, so you are defending Trump again. Has any of that money been spent or is it just a statement to appease Trump? Also, if they expand here won't they still have to pay higher prices for imported aluminum and steel? That will not change Can't you just admit the tariffs are hurting their business? Just admit that much
sherpa Posted August 29 Posted August 29 1 minute ago, Trump_is_Mentally_fit said: Oh, so you are defending Trump again. Has any of that money been spent or is it just a statement to appease Trump? Also, if they expand here won't they still have to pay higher prices for imported aluminum and steel? That will not change Same old bullstuff. What I posted is from their second quarter earnings report. Trump was not mentioned in that report. Kind of significant, eh? 20 billion. This never ends. Any idea what tariffs and VAT do to American exports to Europe? Any idea about anything at all?
Trump_is_Mentally_fit Posted August 29 Author Posted August 29 4 minutes ago, sherpa said: Same old bullstuff. What I posted is from their second quarter earnings report. Trump was not mentioned in that report. Kind of significant, eh? 20 billion. This never ends. Any idea what tariffs and VAT do to American exports to Europe? Any idea about anything at all? So that's a no, you can't admit an easy simple fact, and you post BS about some vague plan with huge (possibly) made up numbers to defend Trump.
sherpa Posted August 29 Posted August 29 (edited) 10 minutes ago, Trump_is_Mentally_fit said: So that's a no, you can't admit an easy simple fact, and you post BS about some vague plan with huge (possibly) made up numbers to defend Trump. At some point you must wonder if there is anything wrong with you. There is nothing in the Deere report, which companies don't simply make stuff up about, that has anything to do with Trump. This is an obsession of about four people here. It is simply impossible to converse on anything without some Trump or Maga accusation. Unceasing. It's ridiculous and pitiful, as well as asserting a lie, over and over. Deere wants to spend 20b on US manufacturing. Great. That's my point, and it has nothing to do with any contrived accusation of supporting anyone. That's not what I do. Edited August 29 by sherpa 1
sherpa Posted August 29 Posted August 29 By the way, public corporations don't post "vague plans." They are held responsible by shareholders, who actually own the company, manage them, and can fire them in a vote.. They don't throw 20B numbers out there for fun. Deere has problems. I own one, as I think you do. They have recently got into marketing trouble because of the necessity to have all maintenance done by a pro, which is antithetical to tractor owners, but that is a different subject. It must be all about Trump. Every day, every subject.
rusty shackleford Posted August 29 Posted August 29 18 minutes ago, sherpa said: At some point you must wonder if there is anything wrong with you. There is nothing in the Deere report, which companies don't simply make stuff up about, that has anything to do with Trump. This is an obsession of about four people here. It is simply impossible to converse on anything without some Trump or Maga accusation. Unceasing. It's ridiculous and pitiful, as well as asserting a lie, over and over. Deere wants to spend 20b on US manufacturing. Great. That's my point, and it has nothing to do with any contrived accusation of supporting anyone. That's not what I do. It’s impossible for these people not to look at everything through a politically divisive lens. To them everything is about a pro or con Trump argument. Something as simple as a financial forward looking statement from a public corporation has to come back to a Trump cause or effect issue. By the way, Deere has ran into some fairly substantial trouble with recalls on their more residential focused products. A lot of zero turns and lawn tractors with Kawasaki engines were recalled for electrical issues causing spontaneous combustion. I have a lawn tractor with a Kawasaki that wasn’t on the recall list but I still worry. I heard of some reports on not recall models catching fire, and it’s a bit concerning. 1
sherpa Posted August 29 Posted August 29 4 minutes ago, rusty shackleford said: It’s impossible for these people not to look at everything through a politically divisive lens. To them everything is about a pro or con Trump argument. Something as simple as a financial forward looking statement from a public corporation has to come back to a Trump cause or effect issue. By the way, Deere has ran into some fairly substantial trouble with recalls on their more residential focused products. A lot of zero turns and lawn tractors with Kawasaki engines were recalled for electrical issues causing spontaneous combustion. I have a lawn tractor with a Kawasaki that wasn’t on the recall list but I still worry. I heard of some reports on not recall models catching fire, and it’s a bit concerning. Fully agree. I've owned a Kubota 45 hp diesel and now own a 50 hp Deere diesel. They will be fine, and it has nothing to do with Trump. I have looked, but am unable to find out how the EU and other's tariffs and VATs Deere and countless other US manufactured products have dealt with for years. I'm not a fan of the Trump process dealing with this, but I'm quite glad somebody did something about it. In addition, I have lost any interest in any individual who expressed a view that Biden was competent for his last two years. That was a totally idiotic view, and we all knew it.
rusty shackleford Posted August 29 Posted August 29 All I know is I was handed down a free 1987 Deere lawn tractor in 2018. It was almost as old as me and still ran great. It was definitely too small for my property and started giving me trouble a few years later, but the longevity caused some brand loyalty. It was time for something new in 2022. I cross shopped Kubota and a few others. With all the inventory shortages of that time, Deere was the only one with plenty of inventory on hand so I stuck with it.
Trump_is_Mentally_fit Posted August 29 Author Posted August 29 50 minutes ago, sherpa said: At some point you must wonder if there is anything wrong with you. There is nothing in the Deere report, which companies don't simply make stuff up about, that has anything to do with Trump. This is an obsession of about four people here. It is simply impossible to converse on anything without some Trump or Maga accusation. Unceasing. It's ridiculous and pitiful, as well as asserting a lie, over and over. Deere wants to spend 20b on US manufacturing. Great. That's my point, and it has nothing to do with any contrived accusation of supporting anyone. That's not what I do. Just looking at what they are doing, not what they say. You pointed out they SAID they would spend more, yet what they did was lay off workers. You are just very naive and biased and will bend over backwards to believe anything. Do you think the tariffs are actually helping American businesses? That's seems to be what you are implying 26 minutes ago, rusty shackleford said: It’s impossible for these people not to look at everything through a politically divisive lens. To them everything is about a pro or con Trump argument. Something as simple as a financial forward looking statement from a public corporation has to come back to a Trump cause or effect issue. By the way, Deere has ran into some fairly substantial trouble with recalls on their more residential focused products. A lot of zero turns and lawn tractors with Kawasaki engines were recalled for electrical issues causing spontaneous combustion. I have a lawn tractor with a Kawasaki that wasn’t on the recall list but I still worry. I heard of some reports on not recall models catching fire, and it’s a bit concerning. They are Trump's tariffs and Trump does threaten companies that say bad things about him, those are just facts. You realize the Trump tariffs are costs Ford, Deere and Caterpillar billions of dollars in lost revenue. Make the phony argument all you want that's its just politics to say that, but it is a fact
rusty shackleford Posted August 29 Posted August 29 9 minutes ago, Trump_is_Mentally_fit said: Just looking at what they are doing, not what they say. You pointed out they SAID they would spend more, yet what they did was lay off workers. You are just very naive and biased and will bend over backwards to believe anything. Do you think the tariffs are actually helping American businesses? That's seems to be what you are implying They are Trump's tariffs and Trump does threaten companies that say bad things about him, those are just facts. You realize the Trump tariffs are costs Ford, Deere and Caterpillar billions of dollars in lost revenue. Make the phony argument all you want that's its just politics to say that, but it is a fact John Deere has laid off thousands of workers over the past few years. The 1,600 in 2024 wasn’t because of Trump tariffs. It’s business. https://iowastartingline.com/2024/12/12/iowans-laid-off-john-deere-2024/#:~:text=This year alone—not counting,those being laid off Jan.
Trump_is_Mentally_fit Posted August 29 Author Posted August 29 3 minutes ago, rusty shackleford said: John Deere has laid off thousands of workers over the past few years. The 1,600 in 2024 wasn’t because of Trump tariffs. It’s business. https://iowastartingline.com/2024/12/12/iowans-laid-off-john-deere-2024/#:~:text=This year alone—not counting,those being laid off Jan. So you are political and were just gaslighting pretending you were not. Phony To the point, these layoffs are attributed to the tariffs Do you know these tariffs are costing companies billions in revenue? Or this that political talk and nothing to bother your silly little head over?
sherpa Posted August 29 Posted August 29 18 minutes ago, Trump_is_Mentally_fit said: Just looking at what they are doing, not what they say. You pointed out they SAID they would spend more, yet what they did was lay off workers. You are just very naive and biased and will bend over backwards to believe anything. Sure. I'm just not as smart as you. I can tell. On the other hand, things are going pretty well in my world, maybe because I'm not obsessed with our president. 1
rusty shackleford Posted August 29 Posted August 29 2 minutes ago, Trump_is_Mentally_fit said: So you are political and were just gaslighting pretending you were not. Phony To the point, these layoffs are attributed to the tariffs Do you know these tariffs are costing companies billions in revenue? Or this that political talk and nothing to bother your silly little head over? How does pointing out the volume of John Deere’s layoffs in 2024 have anything to do with diving into political opinions? 1
JFKjr Posted August 29 Posted August 29 1 hour ago, Trump_is_Mentally_fit said: Oh, so you are defending Trump again. Has any of that money been spent or is it just a statement to appease Trump? Also, if they expand here won't they still have to pay higher prices for imported aluminum and steel? That will not change Can't you just admit the tariffs are hurting their business? Just admit that much I'll admit you don't know much about how economics works in real life.
Recommended Posts