Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas

Let them eat pain Trump voters need to feel the effects of the trade war they begged for

Let them eat pain Trump voters need to feel the effects of the trade war they begged for

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President Donald Trump is denying that his trade policy is responsible for Harley-Davidson's decision to some motorcycle production overseas.

Trump also threatened to tax any motorcycles the company ships into the U.S. That's an empty threat because Harley sells motorcycles in the U.S. from American factories and is unlikely to import additional two-wheelers.

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"I'm just telling you it's false", he said. Companies are now coming back to America.

The president had earlier warned that any shift in production "will be the beginning of the end" for the company. The EU's tariffs on motorcycles were put in place as a response to Trump's steel and aluminum tariffs. The Aura will be gone and they will be taxed like never before!

Mr Trump had earlier threatened to tax the Wisconsin-based manufacturer which said on Monday it planned to move some manufacturing overseas in response to European Union tariffs retaliating for USA duties. "Now they are trying to use the tariffs to excuse and deflect from that decision". The company opened an assembly plant in Brazil in 1998, another in India in 2010, and is building one in Thailand that it expects to start production later this year.

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Harley-Davidson says it would lose about $2,200 for each bike it exported, and a total of up to $100 million a year, due to the hike. To avoid raising its prices and risk losing business in the valuable European market, Harley-Davidson said it would shift some bike production overseas. "And I think the people who ride Harleys aren't happy with Harley-Davidson, and I wouldn't be either".

Harley-Davidson executives met with President Trump at the White House previous year after President Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned.

House Speaker Paul Ryan, whose district is home to some of Harley-Davidson's facilities, also pointed to the company as an American firm that would be a victor from tax reform.

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"These worldwide facilities exist to support more competitive pricing by eliminating much of the tax and tariff burden imposed on fully assembled Harley-Davidson motorcycles imported into key global markets".

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