President Trump is unhappy with Harley-Davidson’s plans to move production of motorcycles it sells in Europe overseas, in response to growing trade friction between the United States and Europe.
In a tweet sent out Monday afternoon, Trump said he was surprised that Harley-Davidson “of all companies, would be the first to wave the White Flag. I fought hard for them….”
European officials last week imposed stiff tariffs on a wide range of U.S.-made goods sold within the European Union. The move came in response to President Trump’s recent decision to slap tariffs on European imports.
In a Securities and Exchange Commission filing Monday, Harley-Davidson said the tariffs imposed by the EU “would have an immediate and lasting detrimental impact to its business in the region.”
The company reported $5.65 billion in revenues last year and Europe is its largest overseas market, with almost 40,000 customers buying motorcycles there in 2017.
The European tariffs have jumped from 6 percent to 31 percent, the company said. That increase will add $2,200 on average to the cost of each motorcycle sold in the EU and cost the company $90 million to $100 million a year, the filing said.
“Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe,” the filing said.
Trump has frequently heaped praise on the company as a strong manufacturer with a long history of making motorcycles domestically.
WASHINGTON — President Donald Trump attacked Harley-Davidson for moving some production overseas, suggesting Monday that the U.S. motorcycle maker was being disloyal in Trump’s trade war with the European Union.
“Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag,” Trump tweeted Monday as he departed for a campaign trip to South Carolina.
“I fought hard for them and ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse — be patient!”
The Milwaukee-based company said in a public filing Monday that it would need to move production overseas because of tariffs being imposed in Europe against U.S.-made motorcycles. The union representing Harley workers previously said it expected the company to move production from Kansas City, Missouri, to Thailand.
The Europeans are targeting iconic U.S. products like motorcycles, blue jeans and bourbon in retaliation for Trump’s tariffs on European steel and aluminum. The motorcycle tariffs rose from 6 percent to 31 percent, adding an average of $2,200 to the cost of a motorcycle.
Trump has championed Harley-Davidson from the beginning of his presidency, calling the brand a “true American icon” in a meeting with company executives shortly after taking office. And he’s frequently invoked the company in his trade rhetoric, saying “they’re treated very unfairly in various countries.”
But the company itself has warned that tariffs could end up hurting U.S. jobs. Moving production overseas, it said Monday, was “the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe.”
Police have commended those involved in Monday morning’s raid on the Coffin Cheaters Outlaw Motorcycle Gang clubhouse in Bunbury.
South West Police and the Gang Crime Squad from Perth stormed the Zoe Street clubhouse at 8.30am on Monday, June 25.
Officers then searched the premises throughout the day.
Police have asked people with information to call Crime Stoppers.
Acting Inspector Jon Munday said the investigations at the complex were ongoing.
“The search warrant that was conducted is still ongoing so it’s a bit early to talk about what was or was not found at the premises,” he said.
“The actions on Monday morning are linked to last week’s discovery of the cannabis growing house in Millbridge.
“We are still trying to put all the pieces of that puzzle together.”
Insp. Munday said the complex was a fortified premises and people were known to stay there “from time to time”.
“The alleged activities of outlaw motorcycle gangs are well-documented,” he said.
“We would say to people who live on that street to ring police or Crime Stoppers if they see any suspicious activity.”
Officers discovered approximately 150 cannabis plants at a home on Duncan Loop, Millbridge on Wednesday, June 20, with investigations continuing.
Police urge people with information about either incident to contact Crime Stoppers in 1800 333 000.