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The world’s biggest farm machinery maker said in a statement to Bloomberg that it “has kept focus on supporting our customers and helping them build for the long haul.” 

Trump’s proposal represents a win for the auto and oil industries that argued the requirements pushed the bounds of available technology for getting more miles out of each gallon of fuel.

The Institute for Supply Management’s manufacturing index eased half a point to 48.2, according to data released Dec. 1. The measure has been below 50 for nine straight months.

The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies.

The company, whose parent is Traton Group, warned that high electricity and labor costs paired with rising pressure from Asian competitors are weighing on results.

“We are encouraged by several proposed adjustments that should help lower costs and ease implementation,” ATA Vice President of Energy and Environmental Affairs Patrick Kelly said.

As recently as September, Peterbilt was touting expanded manufacturing capacity at the factory, with the first 567 vocational Class 8 truck rolling off the production line Sept. 24.

Monthly orders data has trended below prior-year results since the start of the year. President Trump’s focus on tariffs has created uncertainty for both OEMs and truck buyers.

On-highway truck and engine sales in North America are set to fall 15% in the fourth quarter compared with Q3, Cummins Chief Financial Officer Mark Smith warned analysts and investors.

Western heavy-duty vehicle makers’ efforts to gain a foothold in China have so far struggled with a lack of profitability amid local competition.