In this video, Holly Jean, the Director of Operations at LOLA, sheds light on Donald Trump’s proposed 200% tariff on John Deere and why it misses the root issue. Companies like John Deere are moving abroad due to bad economic policies driving up U.S. labor and manufacturing costs. Falling demand for their products, coupled with soaring labor costs that constitute over half of their expenses, is making it unsustainable to operate domestically.
The video argues that punishing companies with tariffs isn’t the solution. Instead, policymakers should focus on reducing the cost of doing business in the U.S. and promoting free trade to create a thriving economic environment.