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Trump Attacks Harley-Davidson, Accuses Company Of Using His Tariffs As ‘Excuse’ To Move US Production Overseas

Authoritarianism

Trump Attacks Harley-Davidson, Accuses Company Of Using His Tariffs As ‘Excuse’ To Move US Production Overseas





President Trump on Monday lashed out at Harley Davidson for moving some of its U.S. motorcycle production overseas in response to an ongoing trade dispute prompted by the administration’s tariffs on European countries, accusing the company of using tariffs as an “excuse” and calling it “the first to wave the White Flag.”

“Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. I fought hard for them and ultimately they will not pay tariffs selling into the [European Union (EU)], which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse – be patient!” Trump tweeted.

Trump’s attack came hours after the company said in a filing earlier Monday that it would be moving some production of motorcycles bound for European customers out of the United States to avoid rising costs from European Union tariffs that were imposed as retaliation for President Trump’s new tariffs, the Associated Press reported.

The company said in a filing Monday that the EU tariffs on motorcycles exported from the U.S. rose from 6 percent to 31 percent, and said it stood to lose as much as $100 million a year.




“Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option,” Harley-Davidson said in a regulatory filing on Monday.

Harley-Davidson Inc. said that it will not raise its prices due to “an immediate and lasting detrimental impact to its business in the region.”

NEWS Harley-Davidson, Hurt By Trump Tariffs, To Move Production Of Some Motorcycles Out Of US
ByGuardians of Democracy StaffPublished on June 25, 2018 SHARE TWEET 0 Comments

Harley-Davidson will be moving some production of motorcycles bound for European customers out of the United States to avoid rising costs from European Union tariffs that were imposed as retaliation for President Trump’s new tariffs, the Associated Press reported.
The company said in a filing Monday that the EU tariffs on motorcycles exported from the U.S. rose from 6 percent to 31 percent, and said it stood to lose as much as $100 million a year.

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“Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option,” Harley-Davidson said in a regulatory filing on Monday.

Harley-Davidson Inc. said that it will not raise its prices due to “an immediate and lasting detrimental impact to its business in the region.”

The EU began imposing retaliatory tariffs Friday on $3.2 billion worth of American goods, including motorcycles, orange juice, bourbon, peanut butter, motorboats, cigarettes, and denim.

The measures came in response to Trump’s steep tariffs on imported aluminum and steel from the EU and other key U.S. allies, including Canada and Mexico.



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