Harley-Davidson to move production out of US as tariffs bite
Trump ‘surprised’ after motorcycle manufacturer says his policy forced the move
US motorcycle manufacturer Harley-Davidson has announced plans to move production of motorcycles destined for sale in Europe to a factory outside the US.
The proposed move is “a consequence of the retaliatory tariffs the EU is imposing on American exports in an escalating trade war with the Trump administration”, says the Associated Press.
Donald Trump said he was surprised that Harley-Davidson was the “first to wave the white flag” and urged other manufacturers affected by the tariffs to “be patient”.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The raising of tariffs on US-built motorcycles from 6% to 31% will effectively add “an incremental cost of $2,200 per unit exported from the US to the EU”, CNBC reports.
Harley-Davidson says the additional costs would add up to at least $90m (£68m), or about 15% of the company’s annual profits.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
80 dead in Colombia amid uptick in guerrilla fighting
Speed Read This was the country's deadliest wave of violence since the peace accords set by President Gustavo Petro in 2016
By Peter Weber, The Week US Published
-
Trump starts term with spate of executive orders
Speed Read The president is rolling back many of Joe Biden's climate and immigration policies
By Peter Weber, The Week US Published
-
Trump pardons or commutes all charged Jan. 6 rioters
Speed Read The new president pardoned roughly 1,500 criminal defendants charged with crimes related to the Capitol riot
By Peter Weber, The Week US Published
-
Is inflation about to surge again?
Talking Points The Federal Reserve is cautious about Trump's policies
By Joel Mathis, The Week US Published
-
How long will Social Security remain solvent?
Today's Big Question And what can be done to fix its current precarious situation?
By Joel Mathis, The Week US Published
-
What does the FDIC do?
In the Spotlight Deposit insurance builds confidence in the banking system
By Joel Mathis, The Week US Published
-
Will Trump (and Sanders) cut credit card rates?
Talking Points Common ground is possible. But there's a catch.
By Joel Mathis, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
What does Trump's Treasury secretary pick mean for the economy?
In the Spotlight Scott Bessent was once a Democratic donor. Now he'll serve Trump.
By Joel Mathis, The Week US Published
-
Is this the end of the free trade era?
Today's Big Question Donald Trump's threat to impose crippling tariffs 'part of a broader turn towards protectionism in the West'
By Elliott Goat, The Week UK Published
-
Big Oil doesn't need to 'drill, baby, drill'
In the Spotlight Trump wants to expand production. Oil companies already have record output.
By Joel Mathis, The Week US Published