Reuters

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Deere & Co. reported lower third-quarter profits and lowered its annual profit forecast, partly due to U.S. tariffs.

Farmers are hesitant to buy new equipment amid tariff uncertainty and low commodity prices, impacting Deere's sales.

Despite challenges, Deere's cost-saving measures, including layoffs, helped the company exceed analyst expectations for quarterly profit and revenue.

Deere & Co is reporting a lower third-quarter profit and is tightening its annual profit forecast as U.S. tariffs dent margins on its farm equipment, sending the company's shares down 6%.

The gloomy earnings report for the maker of John Deere tractors came Thursday, Aug. 14, as President Donald Trump's tariffs add to the woes of farm-equipment makers who were already grappling wi

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