Once a Trump Favorite, Harley Now Feels the Pinch From Trade War
- Bike maker will shift production from U.S. due to EU tariffs
- President tweets he’s surprised the company has surrendered
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Not long ago, President Donald Trump pointed to Harley-Davidson Inc. as an example of what was going to go right for manufacturing in America. Now, Harley seems to encapsulate a lot of what’s going wrong.
Citing tariffs tied to escalating tension between Trump and the European Union, the iconic motorcycle maker will further retrench its U.S. operations. Bikes destined for the EU were made less viable by levies that’ll boost costs for the company by about $100 million a year.