Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

28 June, 2018, 11:24 | Author: Teresa Adams
  • Harley-Davidson To Shift Production Overseas To Offset EU Tariffs

The problem with Trump's tweet is that, while Harley makes a majority of its motorcycles at several locations in the US, it's had several overseas manufacturing sites for years.

President Donald Trump's tirade against motorcycle manufacturer Harley-Davidson represents a rather stunning reversal of his previous praise for the company.

Trump also threatened to tax any motorcycles the company ships into the U.S. That's an empty threat because Harley sells motorcycles in the U.S. from American factories and is unlikely to import additional two-wheelers. "Their employees and customers are already very angry at them", Trump said on Twitter, without providing any evidence.

He accused India of charging tariffs as high as 100% on imported American products and called for them to be removed. "We won't forget, and neither will your customers or your now very HAPPY competitors!"

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The president had earlier warned that any shift in production "will be the beginning of the end". That was long before Tariffs were announced. An unidentified official had said that the United States would collect $241 million (Rs 1,650 crore) worth of duties by hiking tariffs on certain steel and aluminium items from India. He added: "The Aura will be gone and they will be taxed like never before!"

"When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high", Trump tweeted. "Hence, they were just using Tariffs/Trade War as an excuse", Trump said. Rather, Harley-Davidson opened a factory in Thailand after Trump pulled the USA out of the Trans-Pacific Partnership.

Harley-Davidson announced in January it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania.

Harley-Davidson, as we know, now builds bikes in Australia, Brazil, India, and Thailand.

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Harley-Davidson executives met with President Trump at the White House past year after President Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned.

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

House Speaker Paul Ryan, whose district is home to some of Harley-Davidson's facilities, also pointed to the company as an American firm that would be a victor from tax reform.

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