Harley-Davidson Won't Raise Wholesale Prices In Wake of EU Tariffs

Harley-Davidson Won't Raise Wholesale Prices In Wake of EU Tariffs

Harley-Davidson Won't Raise Wholesale Prices In Wake of EU Tariffs

That makes it a symbolic target for foreign leaders looking to hit back at America in a trade war. "Shows how unbalanced & unfair trade is, but we will fix it", the president also stated. "No, it's not surprising at all", said Scott Lincicome, an global trade attorney and an adjunct scholar at the Cato Institute who has been critical of Trump's approach. Harley officials denied when they announced the Kansas City closure that it was because of the plant in Thailand, though union officials have made that allegation. "Hence, they were just using Tariffs/Trade War as an excuse", Trump said.

"As a motorcycle, with Harley Davidson, you have to understand you didn't just get a recreational vehicle", he said.

Trump also warned Harley that the company would be heavily taxed if it tried to import goods from its European production centers back to the US, though there is no indication that the vehicles it produces there would be sold anywhere but on the continent.

The action comes in response to tariffs the European Union imposed on US -made motorcycles.

"Harley-Davidson maintains a strong commitment to US -based manufacturing which is valued by riders globally", the company said in a statement. "We need to hold China accountable for its trade abuses, but that does not need to come at the expense of American workers and businesses".

Jerry Spangler of Dover said he thinks plans for overseas production "was in the making way before Trump got in".

Forcing companies, like Trump, to pick their own winners and losers. Their employees and customers are already very angry at them. "Harley-Davidson needs to remember that people that put them in business, and the people that kept them in business, it was the veterans and the blue collar Americans, and it would serve them wise to remember that". Trump wrote. "The Aura will be gone and they will be taxed like never before!"

That statement drew criticism from Eurasia Group president Ian Bremmer, who said on Twitter, "If the Germans started saying this about BMWs or the Japanese about Toyotas, that's a whole lot of Americans out of work". Presumably the manufacture of the Harley-Davidson Street 500 and 750 in India plays a part in this decision.

A current advert for a Harley-Davidson bike in Bangkok.

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Milwaukee-based Harley-Davidson said it had chose to build the plant in Thailand after Mr Trump pulled out of the Trans-Pacific Partnership, which would have slashed import tariffs.

Mr. Trump, in a series of posts that reflected his anger over the decision, also suggested the iconic brand was using trade tensions over tariffs as an excuse to move production.

"They want to make 'em over there so they don't have to pay the tariffs to ship 'em", he said.

The Thai plant is also meant to help serve a vast market in mainland China.

Retaliation by Brussels targeted producers in Republican states where Trump draws much of his support - including bourbon whiskey, Levi's jeans - and is expected to raise the prices of USA goods worth up to €2.8bn (£2.5bn).

In an SEC filing released on June 25, the company said that European Union tariffs on motorcycles exported from the United States jumped from 6 percent to 31 percent, forcing the move. As the company's domestic demand continues to shrink (it closed a Missouri factory and downsized production in Pennsylvania in January), Europe has become an increasingly important market to defend its bottom line.

Trump has used Harley-Davidson as an example of a USA business harmed by trade barriers in other countries, but Harley had warned that tariffs could negatively impact its sales.

"Harley-Davidson said, they wanted to do that (move some manufacturing base overseas)".

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