Editor's letter

In this edition, our cover feature examines the “Great Equipment Squeeze” — the wave of US tariffs reshaping the machinery and equipment sector and the finance models behind it. From Caterpillar’s deep exposure to mining supply chains to CNH Industrial’s indirect pressures and Komatsu’s lighter tariff footprint, we show how three heavyweights are navigating cost inflation, sourcing risks and shifting trade policies. Drawing on Bloomberg, Reuters and Association of Equipment Manufacturers data, the piece reveals how mining-equipment finance is adapting to longer lead times, higher capital costs and a volatile supply chain. 

Also inside: the UK’s culture of holding on to supplier cash and government plans to stamp it out; interviews with TotalSoft’s Steliana Moraru on Romanian-inspired tech and service culture; the operational challenges for UK motor finance providers following a Supreme Court ruling; Acquis’s cybercrime solution Lumia; and what it’s like to be a lessor in Iran.
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Enjoy! 

Alejandro Gonzalez, editor