** Shares of U.S.-based farm equipment makers rise after U.S. President Donald Trump authorizes a 90-day pause as part of his tariff plan
** Caterpillar CAT.N rises 5.6%, Deere DE.N up 7.3%, CNH Industrial CNH.N up 6.4% and AGCO AGCO.N up 7.1%
** Trump, however, says he is raising the tariff rate for China to 125%, effective immediately
** YTD, Dow Jones U.S. Industrials Index .DJUSIN down 9.2%
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.