Deere Says It’s Aiding Farmers After Trump Pushes Tractor Makers

Deere & Co. said it is helping US farmers “substantially” cut costs, after President Donald Trump pressured farm-equipment manufacturers to drop prices for tractors.

The world’s biggest farm machinery maker said in a statement to Bloomberg that it “has kept focus on supporting our customers and helping them build for the long haul.”

The comment comes after Trump said on Monday that Deere and other tractor manufactures are “going to have to reduce their prices because farming equipment has gotten too expensive.”

“A lot of the reason is because they put these environmental excesses on the equipment, which don’t do ...