Donald Trump backs boycott of Harley Davidson in steel tariff dispute

Harley has forecast that the EU tariffs would cost the company about $30 million to $45 million for the remainder of 2018 and $90 million to $100 million on a full-year basis.

Published: 12th August 2018 10:08 PM  |   Last Updated: 12th August 2018 10:08 PM   |  A+A-

An image of a Harley Davidson motorcycle used for representation.(File Photo | AP)

By Reuters

WASHINGTON: US President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on steel.

The Wisconsin-based motorcycle manufacturer announced a plan earlier this year to move production of motorcycles for the European Union from the United States to its overseas facilities to avoid the tariffs imposed by the trading bloc in retaliation for Trump's duties on steel and aluminium imports.

In response, Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the United States to increase competition.

"Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas. Great! Most other companies are coming in our direction, including Harley competitors. A really bad move! U.S. will soon have a level playing field, or better," Trump said in a Twitter post.

Harley Davidson has repeatedly declined to comment on Trump's remarks over the course of the dispute.

The company could not be immediately reached for comment on Sunday.

Harley has forecast that the EU tariffs would cost the company about $30 million to $45 million for the remainder of 2018 and $90 million to $100 million on a full-year basis.

Trump met Saturday with a group of bikers who support him, posing for pictures with about 180 bikers at his golf resort in Bedminster, New Jersey, where he is on vacation.

Motorcycle companies based outside the United States include Japan's Honda Motor Co Ltd and Yamaha Corp, Europe's BMW and Ducati as well as India's Hero MotoCorp Ltd, Bajaj Auto Ltd, among others.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp