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DBP66

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Harley-Davidson shows the unintended consequences of Trump's tariffs

b8a23750-94e1-11e6-86b6-b35ffeea45c2_finMyles Udland 3 hours ago
 

 

 

 
 
 
 
 
 
 
 
 
 
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    Harley Davidson moving production over
 
 
 
 
 
 
 
 
 
 
 
Harley-Davidson said that tariffs enacted by the EU in response to Trump’s tariffs on the import of steel and aluminum from the EU increased the duty paid by Harley Davidson’s Europe-bound bikes made in the U.S. to 31% from 6%.

This will increase the cost of an average motorcycle by $2,200, the company said. As a result, Harley-Davidson said it will increase production at its international plants over the next 9-18 months.

070566d892f158b62a72930342849f88

President Donald Trump and Vice President Mike Pence stop to admire a Harley Davidson motorcycle parked on the South Lawn of the White House in Washington, Thursday, Feb. 2, 2017. (AP Photo/Pablo Martinez Monsivais)

Because while Harley-Davidson had already announced that it would close a Kansas City plant next year — resulting in the expected loss of 260 jobs in the U.S. — this latest action from the Trump administration adds to the stress of a U.S. corporation struggling with a declining domestic customer base and the allure of moving jobs overseas.

In the first quarter of 2018, U.S. retail sales for the company were down 12% from the prior year; internationally, sales rose 0.2%. International success amid this new trade reality for Harley-Davidson thus pushes a company seen as a mainstay of American manufacturing into prioritizing its investment overseas where trade actions don’t eat into profits as sales grow faster outside the U.S..

 

way to go Donny!....this is winning???...

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1 hour ago, DBP66 said:

Harley-Davidson shows the unintended consequences of Trump's tariffs

b8a23750-94e1-11e6-86b6-b35ffeea45c2_finMyles Udland 3 hours ago
 

 

 

 
 
 
 
 
 
 
 
 
 
Up next
 
 
  • 6cf48880-7897-11e8-b02f-b9867ecf1f6d_harley-trump.jpg
    watched
     
    Harley Davidson shifts production overse... Now Plwatched
  •  
    Trade war: White House moves to protect ... Now Playing
    3:14
  • c4ba5272f46a041caead0de3bb86b960
    watched
     
    Harley Davidson moving production over
 
 
 
 
 
 
 
 
 
 
 
Harley-Davidson said that tariffs enacted by the EU in response to Trump’s tariffs on the import of steel and aluminum from the EU increased the duty paid by Harley Davidson’s Europe-bound bikes made in the U.S. to 31% from 6%.

This will increase the cost of an average motorcycle by $2,200, the company said. As a result, Harley-Davidson said it will increase production at its international plants over the next 9-18 months.

070566d892f158b62a72930342849f88

President Donald Trump and Vice President Mike Pence stop to admire a Harley Davidson motorcycle parked on the South Lawn of the White House in Washington, Thursday, Feb. 2, 2017. (AP Photo/Pablo Martinez Monsivais)

Because while Harley-Davidson had already announced that it would close a Kansas City plant next year — resulting in the expected loss of 260 jobs in the U.S. — this latest action from the Trump administration adds to the stress of a U.S. corporation struggling with a declining domestic customer base and the allure of moving jobs overseas.

In the first quarter of 2018, U.S. retail sales for the company were down 12% from the prior year; internationally, sales rose 0.2%. International success amid this new trade reality for Harley-Davidson thus pushes a company seen as a mainstay of American manufacturing into prioritizing its investment overseas where trade actions don’t eat into profits as sales grow faster outside the U.S..

 

way to go Donny!....this is winning???...

You beat me to it. I was going to link this. Another unintended consequence from our ruler in chief! You would think their economic advisors would have told them this. 

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