Deere sold about US$25.3 billion of equipment in the United States and US$3.7 billion in Canada. That gap is why a tariff fight between the two countries matters to the company, and why Simply Wall St picked it as one of three U.S. industrial names that could gain if Canadian goods get more expensive.
The logic is simple. Higher tariffs on Canadian machinery could make Deere’s U.S.-built tractors, harvesters and construction gear look better to customers and dealers who want supply chains closer to home.
Deere by the numbers
Production & Precision Agriculture brings in about US$16.9 billion. Construction and Forestry adds US$13.8 billion, Small Agriculture & Turf US$11.7 billion and Financial Services US$6.2 billion.
The company is also pushing into precision agriculture and AI-enabled construction equipment, areas that can support higher-margin software and services revenue. But tariffs cut both ways. Management has pointed to material cost headwinds and continuing exposure to global trade policy, and the review flags debt coverage by operating cash flow and recent margin pressure as added risks.
Insteel and Boise Cascade
Insteel Industries makes steel wire reinforcing products used in bridges, parking decks and residential slabs. Of its roughly US$707.7 million in revenue, US$705.4 million comes from U.S. customers and only US$2.2 million from abroad. It has closed an Ohio plant and consolidated welded wire capacity. Still, it depends on imported wire rod, and softer margins in recent results mean higher input prices can hurt it as easily as tariffs help it.
Boise Cascade makes engineered wood products and plywood and distributes building materials. Its Wood Products segment generates about US$1.6 billion and Building Materials Distribution about US$6.0 billion, less US$1.2 billion in intersegment eliminations. Tariffs on Canadian lumber could help it win share, and it would benefit from a housing and remodeling recovery. Against that, profit margins are thin, earnings fell over the past year, and the review cites heavy capital spending needs and recent insider selling.
The three companies are only a sample. The screen behind the review turned up 49 more U.S. industrial and materials companies with similar tariff stories.
