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.
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.
-
Starbucks workers are planning their ‘biggest strike’ everThe Explainer The union said 92% of its members voted to strike
-
‘These wouldn’t be playgrounds for billionaires’Instant Opinion Opinion, comment and editorials of the day
-
The 5 best nuclear war movies of all timeThe Week Recommends ‘A House of Dynamite’ reanimates a dormant cinematic genre for our new age of atomic insecurity
-
Argentinian beef is at the center of American farmers’ woesThe Explainer ‘It feels like a slap in the face to rural America,’ said one farmer
-
Will latest Russian sanctions finally break Putin’s resolve?Today's Big Question New restrictions have been described as a ‘punch to the gut of Moscow’s war economy’
-
China’s rare earth controlsThe Explainer Beijing has shocked Washington with export restrictions on minerals used in most electronics
-
The struggles of Aston Martin: burning cash not rubberIn the Spotlight The car manufacturer, famous for its association with the James Bond franchise, is ‘running out of road’
-
Why are beef prices rising? And how is politics involved?Today's Big Question Drought, tariffs and consumer demand all play a role
-
Labor: Federal unions struggle to survive TrumpFeature Trump moves to strip union rights from federal workers
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
