By Bob Tita

China's retaliatory 10% tariff on imports of U.S.-made tractors, crop harvesters and other farm equipment is likely to have a minimal effect on U.S. equipment makers, analysts say.

Farm equipment exported to China amounts to about $500 million a year, according to a Jefferies analysis of Census Bureau data. The firm estimated U.S.-made machinery exported to China accounts for about 1% of Deere & Co.'s sales, and likely includes road paving and construction equipment as well. Deere's total equipment sales last year were nearly $45 billion.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 04, 2025 13:47 ET (18:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.