More bad news, in today's Washington Post:
“If Trump’s trade policies are leading an iconic company like Harley-Davidson to move production out of the United States, then who exactly is benefiting?”
“This will pose a real challenge to the president’s core claim that his policies will lead companies to build more things in the U.S.”
Europe represents Harley’s No. 2 market, after the United States, with sales last year approaching 40,000 units. Shifting production to its non-U. S. plants will require additional investment overseas and is expected to take nine to 18 months, Harley said.
Today’s announcement is among the first signs that Trump’s use of tariffs, which he has promoted as a way to boost employment in the steel and aluminum industries, is hurting other American businesses. Harley’s motorcycles division employs about 5,200 workers. The company provided no details of the number of jobs that would be lost as a result of the production change. A company spokesman did not immediately respond to a request for comment.
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“If Trump’s trade policies are leading an iconic company like Harley-Davidson to move production out of the United States, then who exactly is benefiting?”
“This will pose a real challenge to the president’s core claim that his policies will lead companies to build more things in the U.S.”
Europe represents Harley’s No. 2 market, after the United States, with sales last year approaching 40,000 units. Shifting production to its non-U. S. plants will require additional investment overseas and is expected to take nine to 18 months, Harley said.
Today’s announcement is among the first signs that Trump’s use of tariffs, which he has promoted as a way to boost employment in the steel and aluminum industries, is hurting other American businesses. Harley’s motorcycles division employs about 5,200 workers. The company provided no details of the number of jobs that would be lost as a result of the production change. A company spokesman did not immediately respond to a request for comment.
Sent from my SGH-M919V using GTAMotorcycle.com mobile app