Trump backs boycott of Harley Davidson in steel tariff dispute
Trump backs boycott of Harley Davidson in steel tariff dispute
President Trump stands in the rain with members of Bikers for Trump at Trump National Golf Club in Bedminster N.J. on Saturday
13 August, 2018, 07:09
A Harley-Davidson logo adorns a bike outside of the Harley-Davidson of New York City showroom store, June 25, 2018 in the Queens borough of New York City.
Last year, Harley-Davidson announced it would build a plant in Thailand after Trump pulled out of the Trans Pacific Partnership (TPP) trade deal, which would have abolished tariffs on their motorcycles across 40 percent of the world's economy.
U.S. President Donald Trump and Vice President Mike Pence leaves after meeting with Harley Davidson executives at the South Lawn of the White House in Washington U.S., February 2, 2017.
Trump pushed Harley-Davidson to keep its production "100% in America", but also criticized the company and warned it would take a "big hit" for the move and cited his base's support for the company.
After Trump announced steep tariffs on foreign steel and aluminum earlier this year, the European Union's decision to implement retaliatory tariffs on motorcycles prompted the company to move some of its production overseas. A really bad move! Great! Most other companies are coming in our direction, including Harley competitors. "USA will soon have a level playing field, or better".
Trump sent the tweet from his golf resort in Bedminster, N.J., where he hosted members of "Bikers for Trump" on Saturday afternoon.
Harley-Davidson said that it would manufacture its motorcycles meant for the global market in overseas factories, saying tariffs on its motorcycles rose from 6 percent to 31 percent as a result of the trade dispute.
Motorcycle companies based outside the United States include Japan's Honda and Yamaha, Europe's BMW and Ducati as well as India's Hero and Bajaj Auto, among others.
According to Fortune, Harley-Davidson CEO Matt Levatich described the president's recent attacks on the company as "unfortunate attention", stressing that Harley-Davidson will remain "apolitical".
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