John Deere Cuts His Business Forecasts Out of Fear of Tariffs · Global Voices

Deere & Co, best known for its brand of agricultural machinery, John Deere, reduced the lower end of its profit forecast range, despite the fact that its quarterly results exceeded estimates. According to analysts collected by Bloomberg this is because the company faces uncertainties due to disruptions in global trade. The net profit for the current fiscal year will be between $4.75 billion and $5.5 billion, said the world’s largest manufacturer…