financetom
Business
financetom
/
Business
/
Two senators call for US tariff probe into construction and farm equipment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Two senators call for US tariff probe into construction and farm equipment
Mar 26, 2026 6:17 AM

By Andrea Shalal

WASHINGTON, March 26 (Reuters) - Two U.S. senators, a Democrat and a Republican, urged the Commerce Department on Thursday to launch a national security investigation into the import of heavy construction and farm equipment made in Mexico by companies such as Deere & Co ( DE ), Caterpillar ( CAT ) and CNH Industrial ( CNH ).

The push by Senator Tammy Baldwin, a Wisconsin Democrat, and Senator Bernie Moreno, an Ohio Republican, comes as the Trump administration prepares for a scheduled review of the United States-Mexico-Canada Agreement in July.

The two senators, in a letter to Commerce Secretary Howard Lutnick seen by Reuters, called for a probe under Section 232 of the Trade Expansion Act of 1962, which the Trump administration has used for tariffs on steel, autos and other goods.

-- They called for changes to the United States-Mexico-Canada Agreement, saying duty-free treatment of heavy equipment imports had incentivized producers to move production to Mexico.

-- CNH laid off 222 workers in Racine, Wisconsin, in 2024 while moving production to Mexico, Baldwin said.

-- CNH, Deere, Caterpillar ( CAT ) and the Commerce Department were not immediately available for comment.

-- Baldwin and Moreno urged the probe to cover agricultural implements, construction and mining equipment, forestry equipment, heavy machinery, parts and derivatives.

-- U.S. President Donald Trump's administration has imposed 232 tariffs on copper, steel, aluminum, autos, auto parts, timber, furniture and trucks, and is investigating other sectors, such as pharmaceuticals. It is seeking to replace tariffs scuttled by the U.S. Supreme Court under a different law by using the 232 statute and Section 301 of the Trade Act of 1974.

-- Baldwin has been critical of Trump's sweeping tariffs but backs a more targeted approach through statutes like Section 232.

-- "These companies should not be allowed to eliminate American jobs, pay Mexican workers poverty wages and then ship products back to the U.S. for additional profit on the backs of our communities," the senators wrote.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Grab Holdings Mulls Takeover of GoTo at $7 Billion Valuation, Bloomberg Reports
--Grab Holdings Mulls Takeover of GoTo at $7 Billion Valuation, Bloomberg Reports
Feb 4, 2025
10:24 AM EST, 02/04/2025 (MT Newswires) -- Price: 5.14, Change: +0.60, Percent Change: +13.22 ...
Orion Signs Tire Pyrolysis Oil Supply Deal With Contec
Orion Signs Tire Pyrolysis Oil Supply Deal With Contec
Feb 4, 2025
10:26 AM EST, 02/04/2025 (MT Newswires) -- Orion (OEC) said Tuesday it entered into a multi-year supply agreement with Poland-based tire pyrolysis oil provider Contec. Contec will supply tire pyrolysis oil to Orion in order to produce circular carbon black for tire and rubber goods customers, the specialty chemicals company said. The deal supports Orion's large-scale production of circular carbon...
What's Going On With Momentus Shares Tuesday?
What's Going On With Momentus Shares Tuesday?
Feb 4, 2025
Momentus Inc ( MNTS ) shares are trading higher Tuesday after the company announced the U.S. Air Force Research Labs accepted one of its proposals. What Happened: Momentus ( MNTS ) announced that its proposal to perform an in-space demonstration flight of a new, low-cost suite of multispectral sensors for Rendezvous and Proximity Operations was accepted by the U.S. Air...
Nano Nuclear Energy to Open New York Demonstration Facility
Nano Nuclear Energy to Open New York Demonstration Facility
Feb 4, 2025
10:23 AM EST, 02/04/2025 (MT Newswires) -- Nano Nuclear Energy ( NNE ) said Tuesday it is setting up a demonstration facility in Westchester County, New York, to test non-nuclear components of its four microreactors under development. The company said the facility is expected to be operational this spring and will support research on key technologies, including the company's Annular...
Copyright 2023-2026 - www.financetom.com All Rights Reserved