Try GOLD - Free
Can withstand US tariffs, says CNH CEO
Financial Express Kolkata
|September 10, 2025
Tractor maker looks at setting up second India unit
AGRICULTURAL EQUIPMENT MAKER CNH can continue supplying the US market for more than six months without fresh shipments from India, even as steep tariffs complicate trade flows, CEO Gerrit Marx said on Tuesday.
The Italian-American firm, which exports about 30% of its India-made machines to the US, faces a 50% levy on agricultural machinery imports from India. Marx described the measure as a "pause in an ongoing conversation" rather than a final settlement, and voiced optimism that a resolution could emerge by early next year.
"At the current 50%, you don't export. We have enough stock of locally India-made machines already in the US. Given that the market is slow and we have a decent level of stock, we just stop shipping at this point and wait for the real deal to come up," Marx said during his second visit to India.
This story is from the September 10, 2025 edition of Financial Express Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kolkata
Financial Express Kolkata
Sandesara brothers deposit ₹5,100 cr
Total recovery nearly double of %5,383-cr fraud
1 min
December 12, 2025
Financial Express Kolkata
Silver futures hit record high of ₹1.93L
EXTENDING THE RECORD- BREAKING run to a third day, silver prices scaled a fresh peak of %1,93,720 per kg in the futures trade on Thursday fol- lowing strong global trends and a rate cut by the US Fed.
1 min
December 12, 2025
Financial Express Kolkata
Goyal: If happy with our offer, US should sign pact
THE US SHOULD sign a trade agreement with India if it feels that the offer made by the country in the negotiations is the best it has received from any other country, Commerce and Industry Minister Piyush Goyal said on Thursday.
1 min
December 12, 2025
Financial Express Kolkata
Affordability isn’t a hoax, also not a crisis for most
WHEN SOMEONE TELLS you that they are struggling, it is generally a good rule of thumb to take them seriously.
3 mins
December 12, 2025
Financial Express Kolkata
Exports can reach $1 bn every year, says Goyal
UNION COMMERCE MINISTER Piyush Goyal on Thursday pegged the Kolhapuri chappal exports to be a $1-billion per year opportunity.
1 min
December 12, 2025
Financial Express Kolkata
Easier audit standards for smaller firms soon
ICAI prepares new less-intrusive norms for closely held units, seeks NFRA approval
1 min
December 12, 2025
Financial Express Kolkata
Finmin streamlines recruitment for PSBs
THE FINANCE MINISTRY has undertaken several initiatives aimed at streamlining the timelines for recruitment examinations for the public sector banks and declaration of their results.
1 mins
December 12, 2025
Financial Express Kolkata
RBI buys ₹50K-cr bonds via OMO, first since May
THE RESERVE BANK of India on Thursday completed the first of two open-market bond purchases for December, taking its debt buys this financial year to a record ₹3.16 lakh crore.
1 mins
December 12, 2025
Financial Express Kolkata
Microsoft ties up with 4 IT firms to boost agentic AI
IT MAJORS TO REDESIGN WORKFLOWS AROUND HUMAN-AGENT COLLABORATION
1 mins
December 12, 2025
Financial Express Kolkata
RBI relaxes transaction account norms for banks
THE RESERVE BANK of India (RBI) on Thursday released the final guidelines on transaction account directions and introduced key relaxations while maintaining the overall principle-based framework, easing bank norms related to opening and maintenance of cash credit, current and overdraft accounts.
1 mins
December 12, 2025
Listen
Translate
Change font size