Tariffs forcing Harley’s hand
The tariff war between the U.S. and the rest of the world has forced the hand of Milwaukee-based Harley-Davidson Corp., which says it will move some production of its motorcycles to Europe.
According to a Milwaukee Business Journal report, the manufacturer claims that European tariffs imposed in response to Trump administration tariffs on steel and aluminum will cost the company $2,200 per motorcycle, an increase from 6% to 31%. According to the SEC filing, Harley will spend the next 18 months implementing a plan to shift production of its motorcycles for EU destinations to its international facilities.
President Trump later Tweeted: “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 E.U., which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse — be patient!”