Motorcycle giant Harley-Davidson has announced plans to move some production for European customers out of the US to avoid tariffs.
Because of the retaliatory tariffs on products like steel and aluminum, the 6% tariff rose to 31%...meaning each bike would cost an additional $2,200 to export.
All in all, the company says it would lose as much as $100 million a year because Europe is its second largest market.
On Twitter yesterday, Trump expressed his...let's go with surprise over the company's decision:
Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand. That was long before Tariffs were announced. Hence, they were just using Tariffs/Trade War as an excuse. Shows how unbalanced & unfair trade is, but we will fix it.....— Donald J. Trump (@realDonaldTrump) June 26, 2018
....We are getting other countries to reduce and eliminate tariffs and trade barriers that have been unfairly used for years against our farmers, workers and companies. We are opening up closed markets and expanding our footprint. They must play fair or they will pay tariffs!— Donald J. Trump (@realDonaldTrump) June 26, 2018
....When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high. Companies are now coming back to America. Harley must know that they won’t be able to sell back into U.S. without paying a big tax!— Donald J. Trump (@realDonaldTrump) June 26, 2018
....We are finishing our study of Tariffs on cars from the E.U. in that they have long taken advantage of the U.S. in the form of Trade Barriers and Tariffs. In the end it will all even out - and it won’t take very long!— Donald J. Trump (@realDonaldTrump) June 26, 2018