Trump denies he's to blame for Harley-Davidson decision

Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs

Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs

The maker of the iconic American motorcycle said in a regulatory filing Monday that European Union tariffs on its motorcycles exported from the US jumped between 6 percent and 31 percent, which translates into an additional, incremental cost of about $2,200 per average motorcycle exported from the U.S.to the EU. All three say they will be forced to close their plants unless they can get relief from the Trump administration's steel tariffs.

What is Harley-Davidson doing?

Yet, Harley has warned consistently against tariffs, saying they would negatively impact sales.

The EU's levies are only the latest blowback Harley has faced from Trump's trade policies.

Despite Trump's assertion that "trade wars are good, and easy to win", however, Harley isn't so impressed.

The announcement, made in a public filing, is an early sign of the financial cost to companies on both sides of the Atlantic as the United States and Europe impose tariffs and counter-tariffs on each other.

Piling on, the Journal added that more jobs are on the line because of the president's economic polices and those jobs are in states that Trump - and the GOP - needs.

President Trump attempted to talk iconic American brand Harley-Davidson out of shipping more of its production facilities overseas on Monday in response to an increase in European taxes.

Europe is becoming more important to the company as United States sales slump.

The Trump administration has started fights with trading partners around the world, imposing tariffs on imported steel and aluminum, provoking retaliation from close US allies including the European Union, Canada, Mexico and Turkey.

It said it would raise investment in its worldwide plants, though it did not say which ones. However, on May 31 the White House announced that those exemptions would be ending at the end of the day.

In sign of detente, North Korea skips annual anti-US rally
He said that framework couldn't be filled out without, Kim "making clear his intent to denuclearize", Pompeo said. North Korea and South Korea have also agreed to resume the reunions of war-torn families in mid-August.

Wisconsin-based Harley-Davidson said the increased cost from the tariffs threaten its global sales, which it has been trying to expand. A company spokesman did not immediately respond to a request for comment.

"We are now assessing the potential impact on our USA facilities", Harley-Davidson spokesperson Michael Pflughoeft told Bloomberg. In January, it said it would consolidate its Kansas City, Missouri, plant into its York, Pennsylvania, facility. "It also announced a future plant in Thailand".

Not wanting to dent sales in key European Union markets, the company will "bear the significant impact resulting from these tariffs", which will add an estimated $30 to $45 million in costs for the remainder of 2018 and $90 to $100 million annually.

Harley, which sold almost 40,000 motorcycles in Europe past year, said it planned to absorb those costs rather than pass them onto customers and risk hurting sales. In a filing, the company estimated that it will spend up to $100 million each year to keep its price tags flat.

The United States says it is imposing the tariffs on steel and metal worldwide in order to protect America's metal industries. Shifting production to its non-U.

Mr Trumps tweet barrage comes after Harley Davidson said it would shift some production of bikes heading for customers in the European Union to its worldwide production plants.

The president also tweeted on Tuesday morning: "A Harley-Davidson should never be built in another country-never!" "I think you're going to even expand".

Initial reaction from prominent Republicans on Capitol Hill highlighted unease with the president's tactics.

"This is further proof of the harm from unilateral tariffs", AshLee Strong, a Ryan spokeswoman, said. This news comes less than a week after the European Union retaliated to the Trump administration by imposing tariffs on American imports such as motorcycles, orange juice, bourbon, boats, cigarettes and denim products to the tune of $3.4 billion. US motorcycle sales peaked at more than 1.1 million in 2005 but then plummeted during the recession.

Recommended News

  • Senegal, Japan play out exciting draw

    Senegal, Japan play out exciting draw

    Surprisingly, Senegal has never lost a group game at the World Cup and will be looking to keep that record intact against Japan . Japan and Senegal are now tied atop the Group H table on three points after pulling off upsets in their first games.
    Gareth Southgate Comments on Leaked Team Sheet Showing Alli Out, Rashford In

    Gareth Southgate Comments on Leaked Team Sheet Showing Alli Out, Rashford In

    They try and shoot themselves in the foot [at] every World Cup they go to. "[Is he the best in the game right now?] I'd say so". Holland apologized to the squad at training on Friday in Repino, near St.

    Prince Louis to be christened at Chapel Royal, Kensington Palace reveals

    The Duke and Duchess of Cambridge welcome their third child at the Lindo Wing, St Mary's Hospital, Paddington, London, UK. That's because the two have prior engagements: William on another royal duty, and Kate caring for little Prince Louis .
  • Marin Cilic resists Novak Djokovic comeback to claim Queen's title

    Marin Cilic resists Novak Djokovic comeback to claim Queen's title

    As the set sped towards another tiebreaker, the pressure was beginning to tell on Kyrgios as he yelled "I can't focus". It's a tough loss but I have to see it from a positive side.

    Melania Trump's Most Talked About Looks

    If you've been lucky enough to avoid the internet entirely these past 24 hours, it said " I really don't care, do U? " on it. She referenced the incident in a statement sent to reporters Thursday.
    Disney ups Twenty-First Century Fox to more than $70.3B

    Disney ups Twenty-First Century Fox to more than $70.3B

    Fox's share price was up 5% in the immediate aftermath of the announcement, while Comcast shares fell 0.5%. Comcast's was all cash while Disney's new offer of $38 per share is half cash and half stock.
  • Narendra Modi Performs Asanas On International Yoga Day

    Narendra Modi Performs Asanas On International Yoga Day

    Mary Silva, a Philippines national account assistant, said: "I started doing yoga in 2016, and I practise every once in a while. Instead of increasing sufferings, Yoga heals'. "I hope that Yoga can become binding force for the world", he said.
    Trump Reverses Migrant Separation Policy

    Trump Reverses Migrant Separation Policy

    The move reverses a tough policy under heavy pressure from his fellow Republicans, Democrats and the worldwide community. The executive order seeks more authority to detain families together until the end of their immigration proceedings.
    Starbucks to Close More Stores Amid Glut of Coffee Shops

    Starbucks to Close More Stores Amid Glut of Coffee Shops

    Starbucks says it will speed up its store closings in the US next year as it tries to boost sluggish sales. The report also indicates the 150 closures are about three times as many as the company usually closes.
  • Saudi-Led Coalition Storms Yemen's Hodeidah Airport Compound

    Saudi-Led Coalition Storms Yemen's Hodeidah Airport Compound

    But the Houthis were well dug into Hodeidah as it constitutes the key supply line to territory they control including Sanaa.
    Prince Louis to be christened next month

    Prince Louis to be christened next month

    It will be a small gathering similar to George's christening, to which only 22 guests were invited. Princess Charlotte was christened on 5 July 2015 at St Mary Magdalene Church in Sandringham.
    Nets trading for Dwight Howard in National Basketball Association  stunner

    Nets trading for Dwight Howard in National Basketball Association stunner

    Getting that, along with a path to two max salary slots in 2019-20 in exchange for getting rid of a grumbling Timofey Mozgov? In the deal, the Nets will send two future second-round picks, cash and center Timofey Mozgov to the Hornets for Howard.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.