Trump says Harley-Davidson's planned overseas move will be its 'end'

Trump says Harley-Davidson's planned overseas move will be its 'end'

Trump says Harley-Davidson's planned overseas move will be its 'end'

President Donald Trump is denying that his trade policy is responsible for Harley-Davidson's (HOG) decision to shift some motorcycle production overseas.

Trump says he's getting other countries to reduce and eliminate tariffs and trade barriers, and open up markets. Their employees and customers are already very angry at them. "If they move, watch, it will be the beginning of the end - they surrendered, they quit!", the president wrote on his account.

Harley says it stands to lose as much as $100 million a year from new European Union taxes on motorcycles that it would ship from the United States. EU tariffs on Harley's motorcycles exported from the USA have surged from 6 percent to 31 percent, as the EU retaliates for tariffs the US has imposed on European steel and aluminum imports to the U.S. Trump said in a post on Twitter on Monday night. This is clearly targeted at Milwaukee-based Harley-Davidson, though Indian Motorcycles (and parent company Polaris) will also be impacted. He threatened to hit the company with an unspecified tax if it attempted to sell motorcycles made outside the USA back into the country.

Trump tweeted that Harley-Davidson had already announced it was closing a Kansas City plant and moving those jobs to Thailand. That was long before Tariffs were announced.

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.

In response to all of this, Trump is online and claiming his trade policies aren't to blame for Harley-Davidson's move. But the firm said Monday that it was shifting more production overseas specifically to blunt the impact of the tariffs imposed by Europe.

But last month, the Trump administration slapped the tariffs on allies Mexico, Canada and the European Union, prompting the retaliatory tariffs on USA goods.

"Harley-Davidson's announcement today is the latest slap in the face to the loyal, highly-skilled workforce that made Harley an iconic American brand", Robert Martinez Jr., president of the International Association of Machinists and Aerospace Workers, said in a statement.

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But Trump took issue with that on Tuesday. Trump tweeted early Tuesday, after suggesting Monday that "taxes" were "just a Harley excuse", urging the company to "be patient!"

It was unclear what he meant.

The EU last week began slapping tariffs on American imports like bourbon, peanut butter and orange juice.

"The EU is attempting to punish USA workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and reciprocal trade and hopes that the EU will join us in that", Sanders said.

Wisconsin's elected leaders said the decision pointed to the need to expand markets.

President Donald Trump and Vice President Mike Pence greet Harley Davidson President and CEO Matthew S. Levatich on the South Lawn of the White House in Washington in February, 2017.

"I fought hard for them and ultimately they will not pay tariffs selling into the European Union, which has hurt us badly on trade, down $151 Billion", Trump continued.

".We are finishing our study of Tariffs on cars from the European Union in that they have long taken advantage of the U.S. in the form of Trade Barriers and Tariffs. Harley must know that they won't be able to sell back into US without paying a big tax!", he said.

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