Tariff Quote Watch: Deere’s Yet To Dig Itself Out Of All Duty Risks — Panjiva
Más

Panjiva_research_logo

Tariff Quote Watch: Deere’s Yet To Dig Itself Out Of All Duty Risks

China 1758 India 283 Industrials - Capital Goods 265 Tariffs 1169 U.S. 3297

Deere & Co. may face a $125 million drag to earnings in 2019 due to U.S. import tariffs on metals and Chinese exports, equivalent to 2.7% of analysts’ earnings estimates. The firm is “working with suppliers” to cut that number according to IR Director Josh Jepsen. If anything Deere has become more reliant on China – seaborne imports from China climbed 15.9% on a year earlier in the three months to Oct. 31 vs. 9.7% on average and declining imports from Japan, Mexico and Germany. The main exposure to China comes from excavator parts where China represented 23.3...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.