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Harley-Davidson shifts some production overseas as EU tariff of $2,200 per bike kicks in

Harley-Davidson, up against spiralling costs from tariffs, will begin shifting the production of motorcycles headed for Europe from the U.S. to factories overseas.

The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice. The EU tariffs on $3.4 billion US worth of products are retaliation for duties the Trump administration is imposing on European steel and aluminum.

Harley-Davidson Inc. sold almost 40,000 motorcycles in the European Union last year, generating revenue second only to the United States, according to the company...

This was excerpted from the 25 June 2018 edition CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel
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