Made in the USA

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John Deere faces a crossroads amid decreasing demand, increasing investments
CNBC· 2025-08-22 12:00
Core Insights - John Deere is experiencing weaker demand in the agricultural sector, leading to significant year-over-year decreases in net income and sales [2][3] - The company is committed to investing $20 billion in U.S. manufacturing over the next 10 years, despite current challenges [7][9] Demand and Financial Performance - The agricultural machinery company reported a significant decline in demand, with farmers reducing spending due to lower crop prices [3][5] - Deere has faced tariff costs, estimating a potential $600 million impact for fiscal 2025, with $300 million already incurred year-to-date [3] Employment and Layoffs - Following the earnings report, Deere announced 238 layoffs in Illinois and Iowa, adding to thousands of layoffs over the past year due to decreased demand [4][5] Market Position and Future Outlook - Despite challenges in North America, Deere executives noted growth in demand in Europe and South America, expressing confidence in future prospects [6] - The company emphasized positive factors from trade deals and tax policy that could benefit its operations [6] Commitment to U.S. Manufacturing - Deere has publicly refuted claims of needing to shut down U.S. manufacturing, instead highlighting its commitment to significant investments in the U.S. market [7][9] - The CEO reiterated the company's dedication to innovation and growth while remaining competitive globally [9]
X @Bloomberg
Bloomberg· 2025-08-07 01:25
Apple CEO Tim Cook is using a familiar strategy to stay in Donald Trump’s good graces: expanding existing initiatives to show he supports the president’s “Made in the USA” agenda. https://t.co/JxF1jg00EK ...
Trump's 'golden phone' will drop 'Made in the USA' label
MSNBC· 2025-06-27 05:24
I do need to give our audience an update. An update on a product you may have been waiting in the wings to purchase. Remember Trump's new smartphone business, the golden phone they were offering, complete with an American flag and the promise that it would be quote made in the USA? That was the hook to get you to buy the phone instead of, you know, an iPhone or one of the traditional offerings. Well, now they're scrapping that tagline. It sounds like they just realized that the phone cannot be manufactured ...