Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.

Company also plans new US$1B share buyback
New Holland T4, Farmall 75C due out early 2024
Honey Bee to partner on new small-grain swathing combos
Price increases support profit margins
Bills introduced in 16 states
New Holland, Case IH maker had suspended shipments last year
Case IH, New Holland maker to pay US$175 million for Hemisphere