President Trump continues criticism of Harley Davidson on Twitter

Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs

Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs

Harley-Davidson's announcement to move some work from the United States came Monday as the maker of the iconic motorcycles also saw itself confronted with higher steel costs following tariffs enacted by the USA administration.

U.S. President Donald Trump accused Harley-Davidson Inc. of using new tariffs on trade as cover for an existing plan to shift some production abroad and threatened the motorcycle manufacturer with a "big tax" on bikes imported to the U.S. if it relocates some plants overseas.

"To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the U.S.to its worldwide facilities to avoid the tariff burden", the company said.

The Europeans are targeting iconic US products like motorcycles, blue jeans and bourbon in retaliation for Trump's tariffs on European steel and aluminum. To avoid this cost, the company will shift to countries where there are lower or no tariffs. "On a full-year basis, the company estimates the aggregate annual impact due to the European Union tariffs to be approximately $90 to $100 million". Harley-Davidson has denied that. "The Aura will be gone and they will be taxed like never before!" Trump said in one of several tweets Tuesday. "Hence, they were just using Tariffs/Trade War as an excuse", Trump tweeted. Trump tweeted early Tuesday, after suggesting Monday that "taxes" were "just a Harley excuse", urging the company to "be patient!" The union representing Harley workers previously said it expected the company to move production from Kansas City, Missouri, to Thailand.

"That was long before Tariffs were announced", Trump said.

The company's announcement sparked a massive selloff in the stock market amid fears that other companies might follow suit, anxious about getting caught in the middle of Trump's trade war with Europe, Canada, Mexico, China, Japan, and possibly India. "Shows how unbalanced & unfair trade is, but we will fix it", the president also stated.

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In fact, Trump has tried to threaten numerous countries with tariffs if they don't reduce tariffs and other trade barriers, but so far most of those discussions have ended in acrimony and frustration.

The EU last week began slapping tariffs on American imports like bourbon, peanut butter and orange juice.

Americans are buying fewer motorcycles, people outside the United States are buying more, and Harley wants to build bikes closer to its worldwide customers.

"Trump tweeted ".We are finishing our study of Tariffs on cars from the E.U.in that they have long taken advantage of the U.S.in the form of Trade Barriers and Tariffs. In the U.S., Harley-Davidson sold 147,972 motorcycles previous year, according to company data.

Wisconsin's elected leaders said the decision pointed to the need to expand markets. He had increased import duties on aluminum and steel, and this increased its manufacturing cost by some $20 million.

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

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