Um...If we want to blame this on illegal aliens, does that mean the illegal aliens are not buying enough tractors? Have you ever heard of an illegal alien buying a tractor? The price of a new John Deere is somewhere between $100k and a million. These illegal aliens are doing well.
John Deere is lying a lot, so I am less sure of their explanation. They were saying that it was a lie they were laying anyone off, and then they did. They are hiring like crazy in Mexico, so it does not sound like declining sales to me.
My theory is John Deere has looked at the math and figured that it is cheaper to import the tractors once into the USA, or export them to a third country from Mexico, then it is to pay high tariffs to import inputs into the USA, and then more high tariffs if they need to export it.
"My theory is John Deere has looked at the math and figured that it is cheaper to import the tractors once into the USA, or export them to a third country from Mexico, ***then*** it is to pay high tariffs to import inputs into the USA, and then more high tariffs if they need to export it." (asterisks are mine)
It should be "cheaper than..."
De nada.