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Despite margin pressure from tariffs and a soft agriculture market, CNH Industrial raises its full-year 2026 outlook on improved pricing and operational gains.
The White House announced that tariffs on agricultural equipment, including combines and harvesters, are being reduced from 25% to 15%.
President Trump lowered the tariffs on imported farm equipment to 15% from 25% through the end of 2027, citing the role of tractors and crop harvesters in providing food for the country. Trump also added residential heating and air-conditioning components and material-handling equipment to the list of products now eligible for the lower 15% tariff rate. When the administration imposed a 25% duty on the entire value of imported products made with steel and aluminum earlier this year, it also created the discounted rate for imported factory machinery viewed as essential for expanding U.S. manufacturing.
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