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Trump threatens to "render" EU tariffs after Harley's profits have declined



On Tuesday, President Trump promised to receive "unfair" EU tariffs that hit Harley-Davidson after the company posted a first-quarter decline of 26.7 percent.

The US motorcycle company owes its weak profits on falling US sales and European import tariffs. But Harley peaked Wall Street expectations by more than 30 cents and sent the stocks higher.

Ticker Security Last Change % Chg
HOG HARLEY DAVIDSON 39.72 -1
.17
-2.86%

"So unfair to the United States, Trump wrote in a tweet, "We want to reflect!"

It marked a walk in opinion for the president who last year demanded a boycott of Harley after the company announced plans to move the production of its motorcycles tied to the EU to their overseas facilities to dodge an EU tariff (which the block had implemented in response to Trump's steel and aluminum tax).

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At that time, the new tasks on motorcycles increased to the EU at 31 percent from 5 percent. Harley said the tariffs would add around $ 2,200 to the cost of the average bike built in the US and exported to the EU.

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Trump is set to appear in Wisconsin on Saturday fo is a campaign increase when he seeks re-election in the 2020 presidential election.


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