Harley Davidson Is Moving Some Of Its Production Out Of The US

Harley Davidson Is Moving Some Of Its Production Out Of The US

Walker says that's what he will push for in the wake of news that Harley-Davidson is shifting production of motorcycles headed for Europe from the U.S.to factories overseas due to increasing tariffs.

The company reported $5.65 billion in revenues past year and Europe is its largest overseas market, with nearly 40,000 customers buying motorcycles there in 2017. In addition to four US-based manufacturing facilities, Harley operates plants in Australia, India, Brazil, and Thailand.

Harley-Davidson plans to move some of its motorcycle production outside the U.S. in response to retaliatory tariffs that include its products, Bloomberg reports.

Mr Trump was particularly heartbroken over Harley-Davidson because he held it up as an example of a firm he could help by bringing down trade barriers. But since then the company has been counting the costs of his trade policy.

"Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag", Trump wrote on Twitter as he flew aboard his Marine One helicopter from the White House to Joint Base Andrews.

Mr Trump vowed to make the iconic motorcycle maker great again when he took office past year.

Mr Trump says the duties are necessary to protect the U.S. steel and aluminium industries, which are vital to national security.

"President Trump will continue to push for free, fair and reciprocal trade, in hopes that the European Union will join us", Ms Sanders said.

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"On a full-year basis, the company estimates the aggregate annual impact due to the European Union tariffs to be approximately $90 to $100m". Seemingly, this has left Harley-Davidson little option but to shift production elsewhere. "Taxes just a Harley excuse - be patient!"

Aram... The Trump administration's duties on European goods led to these retaliatory tariffs... and it seems to be backfiring on American companies... The manufacturer says it will move more production outside the U.S. to avoid tariffs.

The statement seemed to suggest that the president expects to negotiate a resolution of his complaints about EU trade practices, which he blames for the $151 billion USA merchandise trade deficit with its European allies.

A USA motorcycle sales slump has deepened since then, spurring Harley's decision in January to close a plant in Kansas City, Missouri, eliminating about 260 jobs.

The decision is a blow to the Trump administration, which has defended its imposition of tariffs on the European Union as part of a strategy to boost jobs in the US. And in recent years, Harley-Davidson has been courting a younger, more culturally diverse audience anyway-people less likely to have ties to factory workers in Wisconsin and Kentucky who will soon be out of work. "But we expect the near-term impact to weigh on estimates and sentiment until a clearer path to mitigation is outlined".

Harley-Davidson will not raise its prices to avert "an immediate and lasting detrimental impact" on sales in Europe, it said. The EU threatened that its payback for those levies would be to boost taxes on USA motorcycles, Levi Strauss jeans and bourbon whiskey.

"Harley-Davidson's announcement today is the latest slap in the face to the loyal, highly-skilled workforce that made Harley an iconic American brand".

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