Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Harley, stung by tariffs, shifts some production overseas

Harley, stung by tariffs, shifts some production overseas

President Donald Trump is warning Harley-Davidson that "We won't forget" about its decision to shift some motorcycle production overseas, and he says the company could lose customers over it.

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.

Trump wrote yesterday that Harley "should stay 100 per cent in America", in another missive aimed at a company that announced plans this week to shift production out of the U.S. to avoid retaliatory tariffs.

"Harley-Davidson is using that as an excuse, and I don't like that because I've been very good to Harley-Davidson and they used it as an excuse", he said in response. "Hence, they were just using Tariffs/Trade War as an excuse", Trump said. "Shows how unbalanced & unfair trade is, but we will fix it", he tweeted.

S&P warned in January it was anxious about Harley-Davidson's sales declines.

The rift is particularly notable because Harley-Davidson has traditionally, had strong support within the GOP. They surrendered! They quit! He added: "The Aura will be gone and they will be taxed like never before!"

World Cup match report Nigeria v Iceland 22 June 2018
The 2018 World Cup came a little too soon for the Super Eagles, but they will be a force to be reckoned with in the near future.

"Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand".

The ratings agency says the Milwaukee company's A-minus debt has negative implications because of tariffs imposed by the European Union in retaliation for US tariffs on steel and aluminum.

Trump says he's getting other countries to reduce and eliminate tariffs and trade barriers, and open up closed markets.

Harley-Davidson executives met with President Trump at the White House previous year after President Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned. S&P's rating for Harley is A-minus - not sterling but in the top tier.

Trump criticized Harley-Davidson on Twitter, saying the overseas move upset employees and customers, and would be bad for the company's long-term prospects.

"We don't want to punish, but that is the unfortunate outcome, that (US companies) will put pressure on the American administration to say hey, hold on a minute, this is not good for the American economy", EU Trade Commissioner Cecilia Malmstrom said at a news briefing. "I understand that the President is a tough negotiator, but I urge him to consider a more targeted approach that protects American workers and businesses".

Recommended News

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.