The president says he is surprised that the motorcycle firm will shift production,in response to Trump’s tariffsHarley-Davidson plans to shift the production of some of its bikes out of the US in response to Europe’s modern tariffs on motorcycle imports.
In a stock market filing, the company said the EU’s reaction to Donald Trump’s steel tariffs, and which will add $2200 (£1657) to the average cost of a motorcycle exported from the US to Europe,will result in up to $100m of extra charges over the next couple of years.
Surprised that Harley-Davidson, of all companies, and would be the first to wave the White Flag. I fought hard for them and ultimately they will not pay tariffs selling into the E.
U.,which has wound us badly on trade, down $151 Billion. Taxes just a Harley excuse - be patient! #MAGA Related: Tit-for-tat tariff battle could spark downturn in global economy – BIS Related: Chinese retaliatory tariffs aim to hit Trump in his electoral base Continue reading...
Source: theguardian.com