1426 ET - Deere expects to invest $20 billion over the next decade in U.S.-based assembly plants and product development, CEO John May says. Deere expects to pay just over $500 million in tariffs for equipment and parts from outside the U.S., but executives say nearly 80% of Deere's U.S. equipment sales and 25% of sales to foreign customers are built in the U.S. Deere attracted criticism last year from its employees and politicians--including from then-candidate Donald Trump--for moving assembly of some equipment from Dubuque and Waterloo, Iowa, to a Deere plant in Mexico. Deere said the moves were intended to free manufacturing space at the U.S. plants for other machinery models. (robert.tita@wsj.com)

(END) Dow Jones Newswires

May 15, 2025 14:26 ET (18:26 GMT)

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