Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

President Trump, who will hold events in Wisconsin on Thursday, threatened Harley-Davidson earlier in the week, writing that any shift in production "will be the beginning of the end".

President Donald Trump set his sights on Harley-Davidson in a round of Twitter attacks on Tuesday, saying the iconic motorcycle company "will be taxed like never before!"

The Milwaukee-based company said on Monday it will move production of motorcycles shipped to the European Union from the United States to its global facilities and forecast that the trading bloc's tariffs - introduced as a counter to Trump's tariffs on some EU-produced metals - would cost the company $90 million to $100 million a year.

Trump wrote Wednesday that Harley "should stay 100% in America", in another missive aimed at a company that announced plans this week to shift production out of the U.S.to avoid retaliatory tariffs.

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. "We won't forget, and neither will your customers or your now very HAPPY competitors!"

Taxes that the European Union has slapped on its bikes in reaction to Trump's steel and aluminum levies will cost the company as much as US$100 million (RM402 million) a year. He added: "The Aura will be gone and they will be taxed like never before!"

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Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. He incorrectly said Harley was moving production to Asia from the USA, when in fact the expansion in Thailand was unrelated to the closing in Missouri. "I don't like that, because I've been very good with Harley-Davidson", Trump said.

Trump has dismissed the notion that his tariffs are to blame for Harley-Davidson's decision and has accused the company of using the duties as a false pretense for moving production out of the U.S. Companies are now coming back to America. "Hence, they were just using Tariffs/Trade War as an excuse", he said.

It said that shifting targeted production from the United States to global facilities could take at least nine to 18 months to be fully completed.

The company already produces some parts and bikes overseas, including in India and Thailand, where they would otherwise face high tariffs.

S&P says it will resolve the credit watch after Harley's second-quarter earnings.

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