The lie: "Tariffs are not paid by American consumers." The truth: Tariffs are paid by American consumers. Caterpillar, the world's largest manuafacturer of tractors, construction equipment, mining equipment and engineering equipment, was formed in 1925 by the merger of Holt Manufacturing Company and C. L. Best Tractor Company. Shares of Caterpillar closed today at 434.91, a gain of 2.24 (0.52%).

Caterpillar lifts 2025 tariff hit estimate to as much as $1.8 billion

https://www.reuters.com/business/cat...on-2025-08-28/