US farmers continue to be hurt by trade war with China


The ongoing trade war between the U.S and China continues to hurt American farmers.

Tractor maker Deere reported earnings on Friday that fell below estimates.

The company said market uncertainty is causing farmers in the U.S. to be more cautious about major purchases.

The stock is also down about six percent this year.

Deere isn’t the only farm equipment company reporting struggles as trade tensions continue to escalate.

The company caterpillar, which makes tractors and other agricultural tools, is trading lower this year as well.. 

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