Home Business Harley-Davidson to move production out of US as tariffs bite

Harley-Davidson to move production out of US as tariffs bite

US motorcycle manufacturer Harley-Davidson has announced plans to move production of motorcycles destined for sale in Europe to a factory outside the US.

The proposed move is “a consequence of the retaliatory tariffs the EU is imposing on American exports in an escalating trade war with the Trump administration”, says the Associated Press.

Donald Trump said he was surprised that Harley-Davidson was the “first to wave the white flag” and urged other manufacturers affected by the tariffs to “be patient”.

The raising of tariffs on US-built motorcycles from 6% to 31% will effectively add “an incremental cost of $2,200 per unit exported from the US to the EU”, CNBC reports.

Harley-Davidson says the additional costs would add up to at least $90m (£68m), or about 15% of the company’s annual profits.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles

Cuatro consejos para empezar a invertir en vivienda

Quienes se están planteando destinar el dinero ahorrado al mercado inmobiliario deben saber cómo sacarle el máximo provecho posible. Tras los años de crisis inmobiliaria...

5 ways to invest in property

There are several ways to make money by investing in property. Check out these top five tips to get started. 1. Renting property Arguably the most...

Viewers Didn’t Expect To See Such Twist Of Events.

After Scandalous Revelations During a Liv- Broadcast Gibson Is Going To Face Serious Consequences. Australia is a country rich in culture, diversity and landscapes,...

Comedian Nabil gets serious about comedy

From 'Raja Lawak' to 'Uncle Grandpa', Nabil is a stand-up person. When we asked Nabil what made him audition for Raja Lawak, he deadpanned: “I...