Remember when Trump said he was going to help Harley Davidson in 2017?
Trump Welcomes Harley-Davidson in Latest White House Session
Well, that's backfired because of the trade war he's started.
"Harley-Davidson said on Monday that European Union tariffs on its motorcycles had increased to 31 percent, from 6 percent. It estimated that the higher tariffs would add about $2,200 on average to every motorcycle exported from the United States to the bloc, so it said it would move the production of bikes bound for Europe outside the United States."""""
Harley-Davidson to Move Some Production From U.S. Because of E.U. Tariffs
Ooops. But maybe in the long run, the big picture, it will be worth it? I hear Germany "caved" on its cars? I'm no economics expert, but this is Trump's strategy.
Germany did not and also cannot "cave" on cars. don't fall for alternative facts gobbled up by trumptards.
The Wall Street Journal isn't a Trumptard site. Not that you aren't right, too, that Germany can't unilaterally decide anything, I think.
Germany’s Largest Auto Makers Back Abolition of EU-U.S. Car Import Tariffs
The U.S. ambassador to Germany relayed the industry offer in meetings with Trump administration
By
William Boston and
Bojan Pancevski
Updated June 20, 2018 2:05 p.m. ET
424 COMMENTS
BERLIN—Germany’s leading auto makers have thrown their support behind the abolition of all import tariffs for cars between the European Union and the U.S. in an effort to find a peaceful solution to the brewing trade war.
The U.S. ambassador to Germany, Richard Grenell, brought the proposal for a broader industry trade pact to the Trump administration on Wednesday, according to people familiar with the situation.
That would mean scrapping the EU’s 10% tax on auto imports from the U.S. and other countries and the 2.5% duty on auto imports in the U.S. As a prerequisite, the Europeans want President Donald Trump’s threat of
imposing a 25% border tax on European auto imports off the table.
Over the past few weeks, Mr. Grenell has held closed-door meetings with the chiefs of all major German automotive companies, including bilateral meetings with the CEOs of
Daimler AG ,
BMW AG and
Volkswagen AG , which operate plants in the U.S. Overall, Germany’s auto makers and suppliers provide 116,500 jobs in the U.S., according to the Association of German Automotive Manufacturers.
Germany’s Largest Auto Makers Back Abolition of EU-U.S. Car Import Tariffs