06-25-2018, 09:11 AM
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Too lazy to set a custom title
Industry Role:
Join Date: Aug 2004
Location: Canada
Posts: 49,949
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Trump's trade policy is backfiring on Harley-Davidson.
Quote:
The company is shifting some production of motorcycles for European customers out of the United States to avoid EU retaliatory tariffs.
Harley-Davidson's move is some of the most direct evidence yet that tit-for-tat trade fights between the United States and other countries have consequences for American companies. Harley-Davidson said it stood to lose as much as $100 million a year.
"Increasing international production to alleviate the EU tariff burden is not the company's preference, but represents the only sustainable option," Harley-Davidson said in a regulatory filing on Monday.
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Harley-Davidson will move some production out of US after retaliatory tariffs
TrumpTrain! |
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