Trumped revved up over Harley Davidson

Harley’s business will be hit if they move production: Trump

Harley-Davidson has denied that. Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News.

House Speaker Paul Ryan (R-Wis.) said those pushing tariffs have to be mindful of the effect of escalating taxes as President Trump threatened that Harley-Davidson would be "taxed like never before" for moving some operations overseas.

Trump says on Twitter, "We won't forget, and neither will your customers or your now very HAPPY competitors!" The president then claimed employees and customers are already angry at the company and moving production overseas would be the beginning of the end for Harley-Davidson. S&P says the tariffs could lead to profit margin deterioration and increased risks when combined with falling retail sales and shipments.

"We don't want to punish, but that is the unfortunate outcome, that (US companies) will put pressure on the American administration to say hey, hold on a minute, this is not good for the American economy", EU Trade Commissioner Cecilia Malmstrom said on Tuesday. "Harley must know that they won't be able to sell back into USA without paying a big tax!" "Hence, they were just using Tariffs/Trade War as an excuse", he said.

"Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand".

Besides Thailand, Harley-Davidson has two more assembly plants outside the United States, in Brazil and India.

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Trump has also used Harley-Davidson as an example of a company that would benefit from his policies.

"When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high".

"Europe is a critical market for Harley-Davidson", the company said, adding that it sold almost 40,000 motorcycles there in 2017.

Harley-Davidson executives met with President Trump at the White House past year after President Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned. To avoid raising its prices and risk losing business in the valuable European market, Harley-Davidson said it would shift some bike production overseas.

"It's unfortunate that such a strong Wisconsin company like Harley-Davidson has to bear the brunt of this trade dispute", Sensenbrenner said.

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