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.
-
Film reviews: ‘Wuthering Heights,’ ‘Good Luck, Have Fun, Don’t Die,’ and ‘Sirat’Feature An inconvenient love torments a would-be couple, a gonzo time traveler seeks to save humanity from AI, and a father’s desperate search goes deeply sideways
-
Political cartoons for February 16Cartoons Monday’s political cartoons include President's Day, a valentine from the Epstein files, and more
-
Regent Hong Kong: a tranquil haven with a prime waterfront spotThe Week Recommends The trendy hotel recently underwent an extensive two-year revamp
-
Currencies: Why Trump wants a weak dollarFeature The dollar has fallen 12% since Trump took office
-
TikTok: New owners, same risksFeature What are Larry Ellison’s plans for TikTok US?
-
Trump wants a weaker dollar, but economists aren’t so sureTalking Points A weaker dollar can make imports more expensive but also boost gold
-
Leadership: A conspicuous silence from CEOsFeature CEOs were more vocal during Trump’s first term
-
The end for central bank independence?The Explainer Trump’s war on the US Federal Reserve comes at a moment of global weakening in central bank authority
-
Can Trump make single-family homes affordable by banning big investors?Talking Points Wall Street takes the blame
-
Phish food for thought: Ben & Jerry’s political turmoilIn the Spotlight War of words over brand activism threatens to ‘overshadow’ the big ice cream deal
-
What a rising gold price says about the global economyThe Explainer Institutions, central banks and speculators drive record surge amid ‘loss of trust’ in bond markets and US dollar
