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Is The Economy Just Now Falling Apart
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<blockquote data-quote="Mad as Fish" data-source="post: 128267" data-attributes="member: 396"><p>Interestingly I have seen Ryanair staff wearing ID badges dangling from Boeing neck ribbons of late.</p><p></p><p>John Deere makes its European tractors at Mannheim, the old Lanz factory, the sort of production facility that can't be moved abroad very easily, Caterpillar owns Perkins engines of Peterborough, which might not be subject to a trade war so I imagine both will stay put, it depends on how these tariffs are applied. Can tariffs be applied to goods produced by an American company within the EU?</p><p></p><p>In fact all the major tractor manufacturers are owned by an American company. New Holland is a part of CNH , owned by Exor which is listed on the NY stock exchange, but its still the Agnelli family (think Fiat) that controls it. AGCO owns Massey Ferguson (now built in France), Fendt (Germany), and Valtra (Finland). European brands which might benefit are Landini/McCormick (Italy) and Same Deutz Fahr, (SDF, Italy) but there is no way they could replace the US owned names and farmers won't buy Chinese.</p><p></p><p>It will all be one huge mess.</p></blockquote><p></p>
[QUOTE="Mad as Fish, post: 128267, member: 396"] Interestingly I have seen Ryanair staff wearing ID badges dangling from Boeing neck ribbons of late. John Deere makes its European tractors at Mannheim, the old Lanz factory, the sort of production facility that can't be moved abroad very easily, Caterpillar owns Perkins engines of Peterborough, which might not be subject to a trade war so I imagine both will stay put, it depends on how these tariffs are applied. Can tariffs be applied to goods produced by an American company within the EU? In fact all the major tractor manufacturers are owned by an American company. New Holland is a part of CNH , owned by Exor which is listed on the NY stock exchange, but its still the Agnelli family (think Fiat) that controls it. AGCO owns Massey Ferguson (now built in France), Fendt (Germany), and Valtra (Finland). European brands which might benefit are Landini/McCormick (Italy) and Same Deutz Fahr, (SDF, Italy) but there is no way they could replace the US owned names and farmers won't buy Chinese. It will all be one huge mess. [/QUOTE]
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