Donald Trump backs boycott of Harley-Davidson in steel tariff dispute

13 Août, 2018, 07:08 | Auteur: Anatole Charbonneau
  • Donald Trump,Harley Davidson,Steel Tariff

Although Cox is selling products made outside of the United States, he is organizing other motorcyclists to boycott Harley-Davidson for taking their production overseas, according to The Times. It will also likely be his last.

The company plans to invest up to $825 million as part of its "More Roads to Harley-Davidson" strategy, which it said could generate more than $1 billion in annual revenue in 2022 compared to 2017.

The president's predictions may be coming true, but perhaps more importantly, Donald Trump seems to have managed to cozy up to American bikers, Harley riders in particular.

The spat between Trump and Harley-Davidson began in June, when the company announced it would move production for its European sales to Europe to avoid European Union tariffs on steel and aluminum, which were imposed in response to Trump's tariffs against the E.U. A really bad move! "Most other companies are coming in our direction, including Harley competitors. US will soon have a level playing field, or better", Mr. Trump said in a Twitter post.

Trump met Saturday with a group of bikers who support him, posing for pictures with about 180 bikers at his golf resort in Bedminster, New Jersey, where he is on vacation.

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Harley-Davidson said that it would manufacture its motorcycles meant for the worldwide market in overseas factories, saying tariffs on its motorcycles rose from 6 percent to 31 percent as a result of the trade dispute.

In January, it said it would consolidate its Kansas City, Missouri, plant into its York, Pennsylvania, facility.

Motorcycle companies based outside the United States include Japan's Honda Motor Co.

"We expect this plan will result in an engaged, expanded Harley-Davidson community with a more diverse rider base, along with industry-leading margins and cash flow", Harley-Davidson CEO Matt Levatich said in a statement in June.

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