Harley-Davidson's stock sinks, sees EU tariffs adding $2,200 to average motorcycle cost

mr2xxx

Banned
Due to the Trump's tariff war, Harley Davidson EU tariffs have increased from 6% to 31%. This means that the avg. cost of a Harley sold in the EU has risen $2,200, an annual 100 million in additional costs.

Harley Davidson said they will eat the extra costs to the consumer to remain competitive but will move some of its American manufacturing to International sites to avoid tariffs, in other words we will lose American jobs.

https://www.marketwatch.com/story/h...o-average-motorcycle-cost-2018-06-25?mod=bnbh
 
We lose job but those countries will receive jobs.

I wouldn't be surprised to see some Chinese corporations migrating to the US with their tariff rise on goods.
 
Top Bottom