Farm and construction equipment makers rise on US-China trade deal

CNH Industrial

12/05/2025 10:34

** Shares of U.S.-based construction and farm equipment makers rise premarket

** Caterpillar CAT.N rises 4.1%, Deere DE.N up 2.2% and CNH Industrial CNH.N up 2.5 %

** U.S. and China reach deal to slash reciprocal tariffs -  which was affecting prices of industrial metals and other raw materials, crucial for manufacturing equipment

** Both countries agreed on a 90-day pause on measures and that tariffs would come down by over 100 percentage points to a 10% baseline rate

** YTD, Dow Jones U.S. Industrials Index .DJI has fallen 3%

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))