Presented by NFIB — Donald Trump has threatened to slap tariffs on John Deere if he returns to office, citing efforts to send jobs abroad{beacon} Business & Economy Business & Economy   The Big Story  Trump issues warning to John Deere Former President Trump warned John Deere that it could face massive tariffs if he returns to the Oval Office next year, after the Illinois-based company announced plans to outsource some of its manufacturing to Mexico. © AP Photo/Charlie Neibergall“I just noticed behind me John Deere tractors. I know a lot about John Deere, I love the company,” Trump said on Monday at an event with farmers in Pennsylvania.   “But as you know, they’ve announced a few days ago that they’re going to move a lot of their manufacturing business to Mexico,” he continued. “I’m just notifying John Deere right now, if you do that, we’re putting a 200 percent tariff on everything you want to sell into the United States, so that if I win John Deere is going to be paying a 200 percent [tariff] — they haven’t started it yet. Maybe they haven’t even made the final decision yet. But I think they have.”  The recent comments mark the latest indicator Trump would use tariffs aggressively if he wins in November.  The remarks come months after outlets reported that John Deere, which sells tractors, crop harvesters and other large equipment, was laying off roughly 600 staff members at plants in Illinois and Iowa.   According to Fox Business Network, the company’s business had, at the time, also been undergoing a broader restructuring that included plans to move its manufacturing of skid steer loaders and compact track loaders to Mexico by the end of 2026. John Deere did not immediately respond to a request for comment about Trump’s tariff threats.  Trump has leaned on tariffs as something of a cure-all as he pitches his economic vision for a second term, while threatening to use tariffs to force U.S. companies to base manufacturing domestically.  Meanwhile, some experts have warned that tariffs would lead to an increase in inflation, with companies passing on additional costs to consumers — an idea rejected by Trump on Monday.   The Hill’s Brett Samuels has it all here.  Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.  Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:  Boeing makes ‘best and final’ offer to machinists union in bid to end strikeBoeing raised its offer to striking factory workers Monday as it seeks to end the work stoppage that has largely brought production to a halt for more than a week.   Full Story  California AG sues Exxon over alleged lies about plastics pollutionCalifornia Attorney General Rob Bonta (D) on Monday filed a lawsuit against ExxonMobil, alleging that the company has engaged in a decades-long effort to mislead the public about the recyclability of plastics.  Full Story  Investment firm launching $1B fund to help suppliers shift to EVs Monroe Capital is partnering with the White House to launch a billion-dollar initiative geared towards improving the country’s landscape for electric vehicles (EV), the firm announced Monday.  Full Story   The Ticker  Upcoming news themes and events we're watching: Federal Reserve Gov. Michelle W. Bowman will speak Tuesday on monetary policy at the Kentucky Bankers Association Annual Convention at 9 a.m. ET.  In Other News  Branch out with more stories from the day:Kmart’s blue light fades to black with the shuttering of its last full-scale US store NEW YORK (AP) — Attention, Kmart shoppers, the end is near! The erstwhile retail giant renowned for … Full Story   Good to Know  Business and economic news we've flagged from other outlets: Boeing union members are angry they lost their pension plan. They’re not likely to get it back (CNN) Chicago Fed’s Goolsbee sees "a lot" of Fed cuts coming over the next year (MarketWatch) How much money Americans think they need to make to stop worrying (CBS News)  What Others are Reading  Top stories on The Hill right now: Pressure grows on Trump to accept second Harris debate The pressure is on former President Trump to debate Vice President Harris again now that she has accepted a CNN invite for an October match-up, with Republicans encouraging him to go up against her a second time. Read more Ex-CIA chief: Pager blasts in Lebanon are ‘terrorism’ Former CIA director Leon Panetta labeled last week’s deadly pager explosions in Lebanon a form of “terrorism.” Read more  What People Think  Opinions related to business and economic issues submitted to The Hill: Trump and Harris’s tax policies offer more of the same — states can pave a better wayHow a Kamala Harris administration would trap people in poverty    Close Thank you for signing up! 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