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Bye, bye Harley Davidson! T-rump tariffs sends company packing

posted 7 years ago by [deleted]
7 replies | jump to latest

Harley Davidson has decided to move a huge part of it's production - and the hundreds of jobs which go with it - out of the country due to the retaliatory tariffs the company was hit with by the EU. The EU tariffs on the iconic motorcycles skyrocketed from 6% to 31% , in retaliation to T-rump's hiked tariffs on U.S. steel and aluminum imports.

Harley Davidson said they have no choice but to pack up and leave America, after they calculated the EU tariffs would be at least $100 million per year, and would have to be passed on to it's dealers and costumers with a detrimental effect on the brand. Each motorcycle sold would carry a minimum price increase of around $2200.

“Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers’ businesses,” the company announced this morning.

Harley Davidson said it plans to move 'production of motorcycles for EU destinations' to international facilities to avoid the financial burden. It did not give an exact number of American jobs it will be shedding.

Thanks T-rump! That's the way to make America great again, right?

#TiredofRussiaWinning

[–] [deleted] 7 years ago

So T-rump decided to trash H-D in the past 24 hours, claiming he will impose “ punishing taxes” on the iconic American bike maker for betraying him. What a nut.

He also lied and said HD was planning on moving to Thailand long before his tariffs were announced, something that can’t be further from the truth.

Poor guy. Having a meltdown because American companies are now reacting to his economic proposals. Such presidential behavior.

[–] Sandoz (2021) 7 years ago

This is estimated to result in the loss of possibly 500 American jobs at the HD company, so assuming most of those who will be unemployed probably voted for Trump in '16, it's probable they just might experience a little regret in having voted for him. And those 500 being jobless will make their plight known to their families and friends, too, so they also might re-think whether they made a good voting choice. And as other companies lay-off more people due to the tariffs, it will be interesting to see how these occurrences keep Trump's "loyal" working-man base on his side.

[–] wfujay (39) 7 years ago

Jesus, you're right. I'm now convinced Democrats will steamroll the 2020 elections.

[–] [deleted] 7 years ago

HD is just the beginning. More will follow suit now, not wanting to pay those tariffs and they have no allegiance to T-rump or staying here. Watch what happens over the next few months before midterms and then the next two years before the election.

[–] ThreeTenToYuma (922) 7 years ago

I never thought I'd see the day when so-called "Democrats" would side with CEOs who ship jobs overseas. No wonder you guys lost.

[–] Frogarama (12942) 7 years ago

It looks like they're only "siding" with reality.

[–] ThreeTenToYuma (922) 7 years ago

The "reality" is that Harley has been cutting jobs and losing sales for years. Americans just aren't buying those deathtraps like they used to. Boo hoo.