Harley Hitting the Road Is Just the Start
Trump's blunt trade policies will have painful side effects for U.S. manufacturers and their operations at home.
This trade pinch is Made in America.
Photographer: Drew Angerer/Bloomberg
As one Trump administration trade policy backfires, another looks set to.
On Monday, Harley-Davidson Inc. said it would shift some production out of the U.S. in order to mitigate the impact of European Union tariffs targeting its motorcycles. Those penalties — which Harley-Davidson estimates may cost it as much as $100 million annually — were in response to U.S. levies on steel and aluminum imported from the EU. Meanwhile, the Treasury Department is reportedly planning to aim a bazooka at a Chinese takeover problem that doesn't really exist anymore by declaring a national economic emergency. What’s more troubling is a reported plan to crack down on exports of key U.S. technologies.