Tractors from China to Brazil

According to a Nov. 6 Bloomberg report, AGCO is dropping made-in China tractors and replacing them with equipment built in Brazil. “AGCO Corp. is turning to Brazilian factories for a new line of low-horsepower tractors to avoid the 25% tariff put in place by the U.S. on Chinese products, Chief Executive Officer Martin Richenhagen told reporters in Sao Paulo Tuesday. He projects tractor exports from Brazil to the U.S. to reach 4,000 to 5,000 units…

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