OSK News & Events

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS ON AGRICULTURAL EQUIPMENT:President Donald Trump signed a Proclamation adjusting certain metals tariffs to "more effectively address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products," according to a fact sheet released by the White House."The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%. The Proclamation also expands the existing category of industrial equipment subject to a 15% tariff to include mobile industrial equipment, like bulldozers and forklifts, when imported from trade deal countries that are entitled to such treatment. The Proclamation encourages foreign companies to use more U.S. steel and aluminum by allowing them to qualify for a 10% duty rate, if their capital equipment include at least 85% U.S. melted and poured or smelted and cast steel or aluminum by weight. These tariff changes are temporary, lasting until December 31, 2027, to spur near-term investments that will rebuild the Nation's industrial base," the White House stated.Makers of agricultural machinery include Agco, Caterpillar, CNH Industrial, Deere, Oshkosh, Regal Rexnord, Terexand Timken.Citi views the White House's section 232 tariff update as an "incremental positive" for the agricultural original equipment manufacturers. The firm says the tariff cut could add 10c-15c of earnings per share to Deere's fiscal 2026 and be a "slightly more material tailwind" for CNH Industrial and Agco. CNH and Agco import more finished goods than Deere, Citi tells investors in a research note.EARLY ACCESS:An Executive Order issued by President Trump, released by the White House,in part, "Advanced AI capabilities make our Nation stronger, but also introduce new national security considerations that require coordinated action across executive departments and agencies (agencies), and components. As these capabilities evolve, my Administration will continue to work closely with industry to ensure that the best and most secure technology is deployed rapidly to confront any and all threats to our country... Within 60 days of the date of this order, the Secretary of the Treasury, the Secretary of War, through the Director of NSA, and the Secretary of Homeland Security, through the Director of CISA, in consultation with the White House Chief of Staff, through the National Cyber Director, the Assistant to the President for Science and Technology (APST), and the Secretary of Commerce, through the Director of the National Institute of Standards and Technology, and in coordination with other agencies, as appropriate, shall... design a voluntary framework with AI developers through which developers would be able to: engage the Federal Government to determine whether model[s] under development meet the designation of 'covered frontier model'; provide the Federal Government with access to covered frontier models, subject to appropriate confidentiality, cybersecurity, insider-risk, and intellectual-property protection, use, and nondisclosure requirements, for a period of up to 30 days before they plan to release such models to other trusted partners; and collaborate with the Federal Government to select trusted partners that will have early access to covered frontier models to promote secure innovation and strengthen the cybersecurity of critical infrastructure."The order adds, "Nothing in this section shall be construed to authorize the creation of a mandatory governmental licensing, preclearance, or permitting requirement for the development, publication, release, or distribution of new AI models, including frontier models."PULTE DUAL ROLE:Shares of Fannie Maeand Freddie Macwere under pressure on Tuesday after President Trump appointed Bill Pulte, the head of the Federal Housing Finance Agency, as acting director of National Intelligence. Pulte will remain in his role as FHFA director and as chairman of the government administered mortgage giants. Fannie and Freddie shares have already dropped more than 30% this year amid rising investor concern that President Trump's policy moves could complicate efforts to free the mortgage-finance giants from government control.

Oshkosh Defense announced orders valued at $142M for its Family of Medium Tactical Vehicles, FMTV, A2 platform from U.S. and international customers. The multiple awards underscores sustained demand for proven, modernized tactical mobility solutions as mission requirements continue to evolve. "The continued demand for the FMTV A2, both in the U.S. and internationally, reflects the platform's ability to perform across a wide range of missions and environments," said Pat Williams, Chief Programs Officer, Oshkosh Defense. "Our international customers require vehicles that combine durability, flexibility, and advanced capability. The FMTV A2 delivers that performance while aligning with the operational needs of modern forces."

President Donald Trump signed a Proclamation adjusting certain metals tariffs to "more effectively address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products," according to a fact sheet released by the White House. "The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%. The Proclamation also expands the existing category of industrial equipment subject to a 15% tariff to include mobile industrial equipment, like bulldozers and forklifts, when imported from trade deal countries that are entitled to such treatment. The Proclamation encourages foreign companies to use more U.S. steel and aluminum by allowing them to qualify for a 10% duty rate, if their capital equipment include at least 85% U.S. melted and poured or smelted and cast steel or aluminum by weight. These tariff changes are temporary, lasting until December 31, 2027, to spur near-term investments that will rebuild the Nation's industrial base," the White House stated. Makers of agricultural machinery include Agco (AGCO), Caterpillar (CAT), CNH Industrial (CNH), Deere (DE), Oshkosh (OSK), Regal Rexnord (RRX), Terex (TEX) and Timken (TKR).

Forterra, in partnership with Prime Contractor Oshkosh Defense, announced it secured the U.S. Marine Corps Remotely Operated Ground Unit for Expeditionary Fires Block 2 Award. This is the military's first large scale production contract for ground vehicle autonomy and consists of two delivery orders totaling $92M. "The current fight demands autonomous systems that increase force effectiveness, extend operational reach, and preserve combat power in contested environments," said Pat Acox, VP of Defense for Forterra. "By integrating AutoDrive into ROGUE-Fires Block 2, we're advancing a more survivable and mobile approach to sea control from the land domain, enabling distributed operations in GPS-denied environments while reducing operator burden and increasing mission adaptability."