farm tractor Case IH ag equipment lined up Photo by Lance Cheung.

Tariffs worry ag equipment industry

Industry welcomes tax cuts, while dealers and manufacturers agree steel tariffs will have negative impact on the sale of machinery in 2018.

Agricultural equipment dealers and manufacturers have similar views when it comes to their opinions on the Tax Cuts & Jobs Act and President Donald Trump’s steel and aluminum import tariffs. The tax cuts have a perceived positive effect, while the proposed tariffs are seen as having a potentially negative impact on the sale of machinery in 2018.

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TAGS: Business
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