Trump threatens Harley over move to Thailand

Trump threatens Harley over move to Thailand

Trump threatens Harley over move to Thailand

President TrumpDonald John TrumpCrowley stunner tops huge night for left Trump congratulates Romney on primary win Judge orders Trump admin to begin reuniting immigrant families MORE carried his feud with Harley-Davidson into a third day, suggesting on Wednesday that the motorcycle giant's reputation - and business - could suffer as a result of its decision to shift some of its production overseas.

"When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high".

The Milwaukee-based company said earlier this week that it will move production of motorcycles shipped to the European Union from the U.S. to its global facilities.

Harley-Davidson has said in a statement that tariffs on motorcycles exported to the European Union have increased from 6 per cent to 31 per cent.

The company said increasing production internationally "is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe".

The company has repeatedly described the Thailand factory, along with other overseas production, as vital to its long-term need to boost foreign markets to make up for sluggish sales in the US. Harley-Davidson now increasingly relies on overseas markets with a dwindling customer base in the US. "We have countries where, as an example, India, they charge up as much as 100 percent tariff". Harley-Davidson sold almost 40,000 motorcycles in Europe in 2017, according to its annual report.

Trump's attack is the latest in a series of criticisms of U.S. companies. It warned that Indian companies would be subjected to sanctions if they continue to do business with Iran. He added: "The Aura will be gone and they will be taxed like never before!"

A Twitter spokesman did not immediately respond to a request for comment Wednesday. That was long before Tariffs were announced.

Harley-Davidson announced in January it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania. Hence, they were just using Tariffs/Trade War as an excuse.

"A Harley-Davidson should never be built in another country-never!" he said earlier on Twitter.

Rising trade tensions and retaliatory tariffs could pose serious risks for Harley-Davidson, rating agency Moody's said. "Harley must know that they won't be able to sell back into US without paying a big tax!"

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