Harley Davidson Gets Hit Hard by New Trump Tweet
Aug 14, 2018 07:11:56 #
Bad Bob
Loc: Virginia
https://www.yahoo.com/finance/news/harley-davidson-gets-hit-hard-202608719.html
Shares in U.S. motorcycle manufacturer Harley Davidson (HOG) traded lower by more than 4% on Monday after president Trump tweeted over the weekend that he supports customers who plan to boycott the company over their plans to shift some production overseas to avoid retaliatory tariffs in the European Union on their products.
Announced in June, the EU’s tariffs raised the import tax on a wide range of American products from 6% to 31%. A big percentage of the products affected are agricultural goods and various types of steel and aluminum, but he EU appears to have targeted Harley Davidson as a uniquely American brand that’s especially popular in areas of the U.S. that supported President Trump in the 2016 e******n.
Europe has become an important market for the company as U.S. sales have slowed with the aging of their key demographics and a large number of used Harleys on the market suppressing demand for new motorcycles. Harley Davidson says the additional tariffs would add approximately $2,200 to the price of the average motorcycle they sell in Europe, a price increase they do not feel they can pass along to dealers or customers and remain co-----MORE
Shares in U.S. motorcycle manufacturer Harley Davidson (HOG) traded lower by more than 4% on Monday after president Trump tweeted over the weekend that he supports customers who plan to boycott the company over their plans to shift some production overseas to avoid retaliatory tariffs in the European Union on their products.
Announced in June, the EU’s tariffs raised the import tax on a wide range of American products from 6% to 31%. A big percentage of the products affected are agricultural goods and various types of steel and aluminum, but he EU appears to have targeted Harley Davidson as a uniquely American brand that’s especially popular in areas of the U.S. that supported President Trump in the 2016 e******n.
Europe has become an important market for the company as U.S. sales have slowed with the aging of their key demographics and a large number of used Harleys on the market suppressing demand for new motorcycles. Harley Davidson says the additional tariffs would add approximately $2,200 to the price of the average motorcycle they sell in Europe, a price increase they do not feel they can pass along to dealers or customers and remain co-----MORE
Aug 14, 2018 08:34:49 #
Bad Bob wrote:
Not in response to Trump tweet. As soon as Harley owners heard Harley was going overseas they began to boycott. Harley is and should remain an American built product.
Aug 14, 2018 08:45:41 #
debeda wrote:
Not in response to Trump tweet. As soon as Harley owners heard Harley was going overseas they began to boycott. Harley is and should remain an American built product.
Harley wants to build in multiple areas to avoid trumps tariff war. They will still build here. But if it makes trump look bad they must suffer.
Aug 14, 2018 09:58:59 #
debeda wrote:
Not in response to Trump tweet. As soon as Harley owners heard Harley was going overseas they began to boycott. Harley is and should remain an American built product.
Harley boys will pay a premium for American built Harley's but the ones built overseas will sit and sit and sit and gather dust. If you want a biike built overseas then but a BMW or something similar.
Aug 14, 2018 10:04:11 #
bahmer wrote:
Harley boys will pay a premium for American built Harley's but the ones built overseas will sit and sit and sit and gather dust. If you want a biike built overseas then but a BMW or something similar.
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