CNH Halts Shipments Of Equipment From Its Plants, Fully Assess Tariffs

by Matthew Grassi, AgWeb.com CNH Industrial has confirmed online reports it will temporarily pause farm equipment shipments from North American factories as well as from its European counterparts, effective immediately. Here is CNH Industrial's statement in full: "We are stopping shipments from North America plants and European imports effective today. This is a temporary move until we assess the full impact of planned tariffs on pricing. There are no impacts to production, and parts shipments continue as planned. We will continue to monitor the situation."
CNH Industrial official statement Quick Analysis It's a stunning move the international equipment giant is directly linking to the ongoing global tariff situation. President Donald Trump's wide-reaching tariff strategy is set to go in motion April 2 (pending any last-minute shifts) and is projected to have sweeping implications for agriculture businesses and economies around the globe. In addition, this development might represent yet another warning sign the global ag economy is entering a period of recession. If this feels like a complete surprise to many in the equipment industry that's because it likely is. CNH's latest earnings report call, on Feb. 4, did not contain any mention of the possibility the company would halt shipments. In that call CEO Gerrit Marx did note a 34% reduction in production had already been set in motion in Q4 2024. He attributed the move as a strategy to help lower dealer inventories by over $700 million. To read the entire report click here.