The Damage Report
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Trump Tariffs BLOW UP In Farmer Crisis As Layoffs Skyrocket Across Major Companies
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August 23, 2025
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4:13Now PlayingDonald Trump's tariffs get called out by major companies, including John Deere, as they reveal the need for mass layoffs over the farmer crisis and manufacturing costs surging under Trump. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Mass Layoffs at John Deere Follow Depressed Sales Caused by Trump Tariffs
"US President Donald Trump has pitched his tariffs on foreign goods as a way to bring more manufacturing jobs back into the United States.
However, it now appears as though the tariffs are hurting the manufacturing jobs that are already here.
As reported by Des Moines Register, iconic American machinery company John Deere announced on Monday that it is laying off 71 workers in Waterloo, Iowa, as well as 115 people in East Moline, Illinois, and 52 workers in Moline, Illinois. The paper noted that John Deere has laid off more than 2,000 employees since April 2024."
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