- American farmers are tangibly deferring equipment purchases as a result of the ongoing trade war between the US and China, Deere & Co says.
- The agriculture machinery manufacturer said its quarterly results were hurt by customer concerns over tariffs and trade policies.
- Whether Trump can reach an eventual trade deal with China will decide the performance of Deere shares and the whole industry in 2019, Morgan Stanley says.
- Watch Deere & Co trade live.
As the prolonged trade war between the US and China continues, American farmers are tangibly deferring equipment purchases, according to agriculture machinery manufacturer Deere & Co.