Tuesday, 26 June 2018

In blow to Trump's 'America First' policy, Harley-Davidson moves some production overseas

In blow to Trump's 'America First' policy, Harley-Davidson moves some production overseas

Milwaukee-based motorcycle manufacturer Harley-Davidson announced Monday that it will move the production of its European Union-bound motorcycles to sites overseas as a direct result of President Trump's escalating trade war, the Financial Times reports. Harley-Davidson said that European Union tariffs, which were imposed in retaliation to Trump's tariffs on imported steel and aluminum, would increase the average cost of a motorcycle to the EU from the U.S. by around $2,200, Marketwatch reports.
Read more: http://theweek.com/speedreads/781030/blow-trumps-america-first-policy-harleydavidson-moves-some-production-overseas?source=Snapzu

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