Harley-Davidson Inc. plans to shift some production of its iconic motorcycles out of the U.S. in response to retaliatory European Union tariffs, as President Donald Trump’s trade war ripples back to American companies. Each motorcycle will cost an average of $2,200 extra after the European Union raised its tariff on imported U.S. bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing. While it’s committed to making motorcycles in the U.S., it has no other choice in a market where it sold almost 40,000 bikes last year. …read more
Source:: Yahoo Finance
