Political Junky
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- May 27, 2009
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And this has what to do with the subject?'President Donald Trump's trade policy is backfiring on Harley-Davidson.
The company is shifting some production of motorcycles for European customers out of the United States to avoid EU retaliatory tariffs.
It's some of the most direct evidence yet that tit-for-tat trade fights between the United States and other countries have consequences for American companies. Harley-Davidson 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.
The EU began imposing tariffs Friday on $3.2 billion worth of American goods, including motorcycles, orange juice, bourbon, peanut butter, motorboats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum imports from Europe.
For motorcycles, the EU raised its 6% tariff to 31%. That will make each bike about $2,200 more expensive to export, Harley said.
Harley is not raising bike prices for customers or retailers.'
Harley-Davidson will move some production out of US after retaliatory tariffs
That sucks. Not sure if I want a Harley that is not built in America.
Read up on Harley's history sometime. AMF bought out Harley way back in the day, and for a while, most of their bikes were made overseas. When Harley bought themselves back from AMF and started building them here again, well..........among "real" Harley riders, if you have an AMF Harley, you are just barely better than the rice rocket riders.
Owners Recall Harley-Davidson’s AMF Years - Ride CT & Ride New England
It was arguably the worst period in Harley-Davidson’s history. Decades later, the “AMF years” between 1969 and 1981 are remembered not-so-fondly by many of the brand’s loyalists as a time when build quality and reliability deteriorated. Buy it new, fix it immediately was the routine for Harley-Davidson customers, especially in the mid-1970s.