Trump threatens Harley-Davidson over production move

Trump threatens Harley-Davidson over production move

Asked if Trump still feels that tariffs are the best option, White House press secretary Sarah Huckabee Sanders told reporters Monday that "the European Union is attempting to punish USA workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and reciprocal trade in hopes that the EU will join is in that". He added: "I've done so much for you, and then this". Of course, Trump had something to Tweet about it and decided to make his opinion public. the president had a lot to say about it.

Shares of Harley-Davidson were up slightly in midday trading. "Increasing global production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe".

The Thailand plant had no connection with the closure of the Kansas City facility, Harley-Davidson Chief Executive Matt Levatich told Reuters in an interview in February. "We want the tariffs removed", he said. But many of Harley's motorcycles sold in India are assembled in the country, so they may not be subject to the tariffs anyway.

Renacci is a former owner of Harley-Davidson dealerships, but he didn't hold back when calling out the company for using the "excuse" of tariffs to start making some motorcycles overseas. According to Bloomberg, Harley's US sales have dropped every quarter since Q1 2015.

Trump first responded angrily to the Harley announcement on Monday, saying he has supported the 115-year-old manufacturer and was surprised by its plans, which he described as waving the "White Flag".

Alexandria Ocasio-Cortez Just Stunned the Political World
But instead of envisioning himself with the big gavel, Crowley is about to become a former Member of Congress. Ocasio-Cortez spent just under $200,000, none of it from corporate political action committees or lobbyists.

Uruguay 3 - 0 Russian Federation | 25 Jun 2018
Uruguay spoiled Russia's feel-good start to the World Cup on Monday with a comfortable 3-0 to finish top of Group A. Coach Stanislav Cherchesov insists Russia's success at the World Cup is about much more than home-team advantage.

Harley-Davidson To Shift Some Production Overseas Due To Trade War
It anticipates the cost for the rest of the year to be approximately $US30 million ($40 million) to $US45 million ($61 million). Harley-Davidson announced its intentions in regulatory filings posted to the company's website on Monday, June 25.

Harley-Davidson says it would lose about $2,200 for each bike it exported, and a total of up to $100 million a year, due to the hike.

"I fought hard for them and ultimately they will not pay tariffs selling into the European Union, which has hurt us badly on trade, down $151 Billion".

Either way, moving some production overseas looks like it may be in Harley-Davidson's best interest. Trump said in a post on Twitter on Monday night.

"When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high".

The iconic motorcycle brand is the latest U.S. corporation to run afoul of the U.S. president, who has attacked Amazon as a tax dodger and scamming the U.S. Postal Service.

Related Articles