DrLove
Diamond Member
Trade wars are great and easy to win - Are ya tired of winning yet? 
A U.S. motorcycle manufacturer says it plans to increase production in Poland after President Donald Trump ordered tariffs on steel and aluminum and the European Union retaliated with tariffs on motorcycles.
Last month, Minnesota-based Polaris Industries said it was considering moving production of its Indian Motorcycles brand from its plant in northwestern Iowa’s Spirit Lake to one in Poland as a way to deal with the retaliatory tariffs.
The trade dispute is expected to cost the company $40 million in 2018, the company said, and that cost is expected to rise significantly in 2019 if the dispute continues or escalates.
The company supports the intended goal of the U.S. tariffs for fair and freer trade, Wine said, “but we cannot ignore their very real, negative consequences for our employees, suppliers, customers and, potentially, shareholders.”
A better approach would be to eliminate all tariffs globally, he said. In the meantime, the company is already raising some prices related to its motorcycles to reduce the hit by the tariffs.
“As we and others raise prices, it creates a real risk of inflation to our customers and the economy, which could be more harmful than the tariffs themselves,” Wine said.
Polaris to increase production in Poland after EU tariffs – Twin Cities
A U.S. motorcycle manufacturer says it plans to increase production in Poland after President Donald Trump ordered tariffs on steel and aluminum and the European Union retaliated with tariffs on motorcycles.
Last month, Minnesota-based Polaris Industries said it was considering moving production of its Indian Motorcycles brand from its plant in northwestern Iowa’s Spirit Lake to one in Poland as a way to deal with the retaliatory tariffs.
The trade dispute is expected to cost the company $40 million in 2018, the company said, and that cost is expected to rise significantly in 2019 if the dispute continues or escalates.
The company supports the intended goal of the U.S. tariffs for fair and freer trade, Wine said, “but we cannot ignore their very real, negative consequences for our employees, suppliers, customers and, potentially, shareholders.”
A better approach would be to eliminate all tariffs globally, he said. In the meantime, the company is already raising some prices related to its motorcycles to reduce the hit by the tariffs.
“As we and others raise prices, it creates a real risk of inflation to our customers and the economy, which could be more harmful than the tariffs themselves,” Wine said.
Polaris to increase production in Poland after EU tariffs – Twin Cities
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