Deere & Company is trading 5.4% up today at $571.96, with the rally attributed to a significant US government policy change.
- The White House announced late Monday that it would reduce tariffs on farm and construction equipment to 15% from the previous 25%, effective June 8.
- Analysts at Citi noted the tariff reduction is beneficial for the sector and could boost Deere's earnings per share by an estimated 10 to 15 cents for fiscal year 2026.