As U.S. Farmers Grapple with China Trade War, Deere and Caterpillar Cut Jobs
The impact of China's move to greatly curb purchases of U.S. livestock and crops during the ongoing trade war with the U.S. is rippling beyond farmers into the broader agriculture-industrial complex.
Deere & Co., the maker of combines, tractors and other farm equipment, is indefinitely laying off more than 160 workers in Illinois and Iowa as demand for its farm equipment shrinks, Reuters reported. About 50 of those were cut from the Harvester Works plant in East Moline, Illinois, and some 118 additional workers in Iowa will be laid off starting Nov. 18, according to notices required by the state.