Thursday, 13 December, 2018

President Trump Responds To Harley-Davidson

Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing Overseas Donald Trump attacks Harley-Davidson for moving production away from the US
Laurie Berry | 27 June, 2018, 23:19

"It's just shameful, I think, and it's all about maximizing profits".

In an early morning tweet storm, President Donald Trump threatened to tax Harley-Davidson "like never before" if it followed through on its announcement that it would move some production outside the U.S.to avoid new European Union tariffs on the importation of motorcycles from the U.S. "If the United States hits us again with a 20 percent increase on cars, we will respond again".

The company says it's doing so because of tariffs it's facing in a trade dispute between the USA and the European Union.

Harley-Davidson executives visited the White House days into Trump's administration in 2017, wearing leather jackets on the South Lawn driveway as Trump examined the motorcycles they brought.

In response to the company's announcement, Trump tweeted, "A Harley-Davidson should never be built in another country-never!"

And now that the president is talking trash about Harley-Davidson, it's going to be interesting to see where loyalties lie for the significant number of people who were previously fans of both.

"I don't like it", said Phil Hoskins, who stopped at 1st Capital Harley-Davison with his brother Tuesday.

Lange said US lawmakers would hopefully "intervene and take back certain powers from the president, such as the competence to launch 232 national security investigations, and bring it back under control of the Congress". They are one of the best of the best, he said.

Wisconsin representatives did not criticize the company, but Mr. Trump's trade policies. The closure led to a loss of about 260 U.S.jobs.

Rising trade tensions and retaliatory tariffs could pose serious risks for Harley-Davidson, rating agency Moody's said on Tuesday.

Watson soars for third Travelers' triumph
Rory McIlroy had a lot of trouble on the greens as he finished with a three-putt to end his day with a one-under 69. A return to the Titleist ball he previously used has coincided with some of the best results of his 12-year career.

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.

Milwaukee-based Harley said Monday that European Union tariffs on its American-made motorcycles jumped between 6 percent and 31 percent as a result of the escalating trade war, adding about $2,200 in cost to the average Harley sold in the EU.

Trump's angry insistence that Harley's products should be made in the United States is at odds with his own record as a businessman.

The American motorcycle maker sells almost 40,000 new motorcycles a year in Europe, which accounts for 16 percent of the company's overall sales and is the biggest market for it outside of the US.

"We're having a trade war with the entire world, on everything", said Monica de Bolle, a senior fellow at the Peterson Institute for International Economics. Tariffs will add $30-45 million to the company's expenses this year, amounting to "an immediate and lasting detrimental impact" to its business. "It's a great company", Kinzinger said.

Harley-Davidson shares closed down 0.6 percent at $41.32, after falling almost 6 percent on Monday. 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.

The company has assembly plants in Australia, Brazil, India and Thailand as well as in the US. "This latest move is in keeping with Harley's past decisions to open plants outside of North America", Martinez said in a statement. Taxes just a Harley excuse - be patient! At a presidential debate that year, the motorcycle-boot wearing Walker said his Secret Service nickname as president would be "Harley".

Plant officials at the Springettsbury Township production facility declined comment, and would not allow PennLive to interview workers on the grounds.

First, he goes on by saying Harley decided on the cuts in Kansas City and relocation to Thailand long before tariffs were announced, hence the excuse part we mentioned earlier. "We have to do something about the tariffs", Capra said. "We're not a big company".

"This is a piece of a larger discussion on trade and tariffs - this is a byproduct of a trade war, and there are few winners in this", Schreiber said.

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