Harley Davidson to begin moving some production overseas

Share

Donald Trump has criticised the Harley-Davidson motorcycle firm over its plans to shift production away from the USA in order to avoid European Union tariffs.

The entire affair started on Monday after the bike builder said the increased tariffs for American bikes sold in the European Union would mean the price for the motorcycles would have to jumpo by $2,200. He later added, "The Aura will be gone and they will be taxed like never before!".

One could have felt bad for Trump had he not been the one who caused the disruptions in the first place.

Trump made the assertions in a string of tweets attacking Harley-Davidson on Tuesday, claiming the company had already planned to move some of their operations from Kansas City, Missouri to Thailand and suggesting they lied about why they're moving some operations overseas.

"In this administration, our allegiance will be to the American workers and to American businesses, like Harley-Davidson, that were very strong in the 1980s and I remember this - you were victims of trading abuse - big trading abuse, where they were dumping all sorts of competitors all over the place", Trump said.

Trump has been imposing import duties on wherever he felt Americans had not been given a fair deal, thus triggering a trade war with numerous US' trade partners.

For example, the new European tariffs will make each motorcycle about $2,200 more expensive to export, Harley said Monday.

"TRUMP: ".When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high.

The factory in Thailand, which will open later this year, would let Harley-Davidson avoid the country's up to 60 percent tariffs on imported motorcycles and help it get tax breaks while exporting to neighboring countries, according to the company. It turns out that Harley's decision to open a plant in Thailand came in response to a different challenge created by Trump: his decision to withdraw the United States from the Trans-Pacific Partnership past year.

JBK has total revenues of $15 million a year and income of a few million, so Trump's policies are taking real money from his workers' pockets.

[H]ardOCP: Qualcomm Snapdragon 1000 Rumored to Be Specifically Built for PCs
That's almost three times the power draw of Intel's Y-series processors and just 3W behind the chipmaker's U-series chips. Whether or not these purpose-built chips will be able to give Intel a run for their money remains to be seen.

Jesse Lingard and Ashley Young react to England 6 Panama 1
Kane has scored a tournament-leading five goals at the World Cup in Russian Federation , one more than Ronaldo and Romelu Lukaku . In their final group games on Thursday, Senegal will face Colombia in Samara while Japan plays Poland in Volgograd.

Saudi Arabia, Egypt Play For Pride In Group A Dead Rubber
Saudi Arabia came out the more aggressive of the two sides in the second half and almost took the lead nine minutes in. The news El-Hadary will start and enter the record books has taken the spotlight away from the "Egyptian King".

In his Tuesday morning series of Twitter posts, Trump wrote that "Harley must know that they won't be able to sell back into the USA without paying a big tax!" The move comes just as the European Union placed tariffs on certain manufactured goods - including motorcycles - in response to new U.S. taxes on imported metal. The increase was in response to earlier tariffs on European steel and aluminum imposed by GOP President Donald Trump. "Europe is a critical market for Harley-Davidson", the filing read.

The U.S. accounts for 147,972 of the company's retail sales in 2017, and Europe accounted for 39,773.

Trump denied Tuesday that his trade policy was to blame for Harley's decision. The company also said it would close a wheel plant in Adelaide, Australia.

"And I think the people who ride Harleys aren't happy with Harley-Davidson and I wouldn't be either".

"Don't take on Harley".

Charles Payne, host of "Making Money with Charles Payne", said he does not buy the company's reasoning, arguing the plans to shift production were "old news".

So far, though, those hurt by Trump's tariffs do not appear to be European Union countries but American workers. The Wisconsin-based motorcycle manufacturer says it plans to consolidate operations in York, Pennsylvania, the site of an existing plant where about 450 of the Kansas City plant's jobs will be moved. Tariffs will add $30-45 million to the company's expenses this year, amounting to "an immediate and lasting detrimental impact" to its business.

Renacci rode his Harley Davidsons into the 2018 campaign. Last night, Trump did the math in his sleep and woke up on the wrong side of the bed, letting loose the dogs of Twitter.

International Association of Machinists and Aerospace Workers president Robert Martinez Jr. called Harley-Davidson's announcement "the latest slap in the face to the loyal, highly-skilled workforce that made Harley an iconic American brand". At a presidential debate that year, the motorcycle-boot wearing Walker said his Secret Service nickname as president would be "Harley".

Share