Tractor maker Deere flags higher 2026 tariff hit, weak profit

By Nathan Gomes and Nandan Mandayam (Reuters) -Deere & Co on Wednesday flagged a bigger hit from tariffs in 2026 ​and forecast its annual profit below estimates on the back of weaker ‌margins on large tractors, sending the farm-equipment maker's shares down 5%. CEO John May said ‌ongoing margin pressures from tariffs would continue to weigh on its large farm equipment unit, although he expects to benefit from cost cuts and demand in its forestry and small agriculture markets. The company expects a pre-t ...