Harley-Davidson To Shift Production Overseas To Offset EU Tariffs

Harley-Davidson To Shift Production Overseas To Offset EU Tariffs

Trump revs up attacks on Harley-Davidson over production move

We're not sure how patient Harley-Davidson can be, honestly.

Soon after the company's announcement, Trump weighed in with typical bombast. Trump said in a post on Twitter on Monday night.

Local US media reported in May that a labour union for Harley-Davidson suggested some Kansas City jobs would move to Thailand - a move the company denied. Trump then threatened the company "will be taxed like never before" if they follow through with the move.

He said the company has been working with Twitter to see if the tweets could be removed and to figure out where they originated.

Harley-Davidson shares closed down 0.6 percent at $41.32, after falling almost 6 percent on Monday.

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At the event, Trump heaped praise on the company for manufacturing its motorcycles in the United States and being an iconic American brand.

The Milwaukee-based company said Monday it came to its decision because of retaliatory tariffs it faces in an escalating trade dispute between the USA and the European Union.

Trump enjoyed the support of a group called "Bikers for Trump" in his 2016 presidential campaign and he invited Harley-Davidson representatives to the White House in February 2017 shortly after he took office, greeting them with the words "Made in America, Harley-Davidson". "Your motorcycles have carried American servicemembers in the war - in the wars", Trump said during a roundtable with the executives. I said wait a minute folks, you're complaining.

The quote, which disparaged Trump's understanding of trade and economics, was being spread by some accounts with very few followers, but quickly went viral.

Harley-Davidson said it had no comment on the president's tweets.

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"And Ronald Reagan stepped in and he put on large tariffs and you wouldn't be talking about Harley-Davidson probably right now if he didn't do that".

But Harley-Davidson's plight in Europe drew fresh interest from French Parliament member Eric Straumann, who contacted Levatich to propose a new factory on the French-German border in Alsace.

Earlier in the trade battle, Trump cited India's high tariffs on imported motorcycles as an example of why tougher trade policy was necessary.

Harley already has assembly plants in India and Brazil.

House Speaker Paul Ryan, whose district is home to some of Harley-Davidson's facilities, also pointed to the company as an American firm that would be a victor from tax reform.

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