Published by Global Banking & Finance Review®
Posted on April 9, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on Google
Deutz plans to pass US tariffs to customers, impacting prices of farming and construction vehicles, as confirmed by CEO Sebastian Schulte.
MUNICH (Reuters) - Germany's Deutz, whose engines go into farming and construction vehicles, said it plans to fully add tariffs to prices it charges U.S. customers, partly because many of the group's rivals are also based outside the United States.
"It will have the effect that everything will be passed along to customers," CEO Sebastian Schulte told journalists at a press briefing late on Tuesday, adding that smaller rival engines are manufactured in Japan and Britain.
(Reporting by Alexander Huebner; Writing by Ludwig Burger; Editing by Miranda Murray)
The article discusses Deutz's decision to pass US tariffs to its customers, affecting vehicle prices.
Deutz is passing tariffs to customers because many competitors are also based outside the US, following a similar strategy.
The strategy was announced by Deutz CEO Sebastian Schulte.
Explore more articles in the Headlines category
