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Trade relief also benefits ag manufacturers

The Trump administration’s $12 billion trade assistance package will also benefit ag equipment manufacturers.

The plan will aid farmers hurt by trade retaliation from China. It could also make farmers more confident in their financial situation to be able to purchase equipment, according to Bloomberg.

Deere and Company shares jumped nearly 5 percent when the plan was announced.

Ag equipment manufacturers have expressed concern over trade retaliation and its impact on farmers.

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