Harley to Shift Production Out of U.S.

POSTED BY: captaincrunch
UPDATED: Tuesday, June 26, 2018 21:55
VIEWED: 3680
PAGE 1 of 1

CAPTAINCRUNCH

Monday, June 25, 2018 8:09 PM

Harley to Shift Production Out of U.S. to Avoid EU's Tariffs

https://www.bloomberg.com/news/articles/2018-06-25/harley-davidson-to-
shift-motorbike-production-to-counter-tariffs

Company bearing cost of $2,200 price jump due to higher levies
Bike maker estimates this will cost up to $100 million a year

Harley-Davidson Inc. plans to shift some production of its motorcycles out of the U.S. in response to European Union tariffs, as President Donald Trump’s trade war undermines an iconic American manufacturer.

Each motorcycle will cost about $2,200 more after the European Union raised its levies on imported U.S. bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing. This will cost Harley about $90 million to $100 million annually, as the company will absorb rather than pass extra costs on to customers.

While Trump has repeatedly claimed that the U.S. can win trade wars, victims are starting to pile up at home and abroad. Harley’s filing follows a profit warning last week from Daimler AG, which cited escalating tensions between the U.S. and China. The motorcycle maker tied its higher costs to a sequence started by Trump, who slapped tariffs on European steel and aluminum, prompting the EU’s retaliation.

Harley -- once praised by Trump at a February 2017 White House meeting as a model American manufacturer -- didn’t specify which international plants will boost output for EU markets. The company operates manufacturing facilities in Brazil, India and Australia, and is beginning production in Thailand this year.

REAVERFAN

Monday, June 25, 2018 8:11 PM

Thanks, Blumpy!

In related news: U.S. soybean exports scrapped as China shifts to Brazilian beans

https://www.reuters.com/article/us-usa-soybeans-china/u-s-soybean-expo
rts-scrapped-as-china-shifts-to-brazilian-beans-idUSKCN1IJ2SG

This is doubly bad because of what it does to the rainforests. Winning!

KPO

Monday, June 25, 2018 8:16 PM

Outrageous! What part of "America first" doesn't the EU understand?

Not to worry, I'm sure Trump will take to Twitter to sort this...

-------------------------------------------------------

"Objective truths are established by evidence. Personal truths by faith. Political truths by incessant repetition."

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JJ

Monday, June 25, 2018 8:29 PM

Trump is a shi*head, anyone agree?
T

JJ

Monday, June 25, 2018 8:31 PM

Agreed, Trump is a moron who fucks things up because he doesn't know anything about the complexities of trade, or how we benefit from having allies instead of enemies.

Trump Is Destroying Everything He Touches
http://fireflyfans.net/mthread.aspx?tid=62462

T

REAVERFAN

Tuesday, June 26, 2018 9:49 PM

Quote:
Originally posted by JJ:
Agreed, Trump is a moron who fucks things up because he doesn't know anything about the complexities of trade, or how we benefit from having allies instead of enemies.

Trump Is Destroying Everything He Touches
http://fireflyfans.net/mthread.aspx?tid=62462

T

But.. but... The art of the deal, man! THE ART OF THE DEAL!

REAVERFAN

Tuesday, June 26, 2018 9:55 PM

Trump threatens Harley-Davidson with taxes ‘like never before’ and eventual collapse
https://www.washingtonpost.com/news/business/wp/2018/06/26/trump-threa
tens-harley-davidson-with-taxes-like-never-before-and-eventual-collapse/?noredirect=on&utm_term=.2f5c36c67781

Harley supported him before. I wonder what they think of him now? A president threatening to tax a specific company for doing what he made them have to do.

Illegal, but the rules don't apply to Blumpy.

Winning! Be best!