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Krone Halts US Exports Amid 200% Tariff Shock

10/13/2025

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Summary

Story summary

Krone, a major German farm machinery company, has halted exports to the US due to new tariffs on 407 products, including agricultural equipment.
These tariffs, announced by Donald Trump, mandate detailed certification of the origin and value of steel components.
Bernard Krone called the situation a "big shock," as the US represents their second-largest market, valued at $130 million annually.
The new rules could impose 200% tariffs for incorrect paperwork, prompting Krone to initially ship smaller machines.
EU trade officials recognize the challenges these new requirements create for exporters.

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Story summary

Krone, a major German farm machinery company, has halted exports to the US due to new tariffs on 407 products, including agricultural equipment.
These tariffs, announced by Donald Trump, mandate detailed certification of the origin and value of steel components.
Bernard Krone called the situation a "big shock," as the US represents their second-largest market, valued at $130 million annually.
The new rules could impose 200% tariffs for incorrect paperwork, prompting Krone to initially ship smaller machines.
EU trade officials recognize the challenges these new requirements create for exporters.