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Harley Rises Most in a Year on Seeing $100 Million Tariff Relief

  • Bike maker gets Europe’s approval to import from Thailand
  • CFO expects mitigation of EU levies to kick in next year
A Harley-Davidson Inc. badge sits on a motorcycle fuel tank.
Photographer: Christophe Morin/Bloomberg
Updated on

Harley-Davidson Inc.’s highly contentious plan to dodge tariffs by shifting some production overseas has been green-lighted just as the iconic American manufacturer really needed the relief.

The motorcycle maker’s shares surged the most in a year after it secured approval from the European Union to import bikes from Thailand and mitigate almost all of the $100 million hit it’s feeling from tariffs this year. U.S. President Donald Trump has at times attacked both Harley and the EU over the ordeal, which all springs from retaliation against his administration’s levies on steel and aluminum.