Trump threatens Harley-Davidson with taxes 'like never before' and eventual collapse

Europe is Harley-Davidson’s second biggest market after the US. The company reported $521.8 million in earnings in 2017 on $5.6 billion in revenue

Europe is Harley-Davidson’s second biggest market after the US. The company reported $521.8 million in earnings in 2017 on $5.6 billion in revenue

"That was long before Tariffs were announced", he said in a separate tweet.

The EU says the consequences of a trade war shouldn't be a surprise.

"People might think this is a smart economic move, but how many manufacturing plants are going to be moving over?"

"Motorcycles" don't even merit a mention in the Indian Ministry of Commerce and Industry's data on exports to the United States, as The Post's Annie Gowen wrote in February, so the tariffs Trump has threatened to impose would essentially have nearly zero impact.

The company is not raising bike prices for customers or retailers.

But Trump's comments on Harley could make for an awkward meeting with Walker, especially if the president renews his attacks.

"Harley-Davidson is a true American icon, one of the greats".

"Harley-Davidson maintains a strong commitment to US -based manufacturing which is valued by riders globally", the company said in prepared remarks.

US President Donald Trump has repeatedly used the company as an example of how European import tariffs hurt US producers.

Rows of motorcycles are behind a bronze plate with corporate information on the showroom floor at a Harley-Davidson dealership in Glenshaw, Pennsylvania, April 26, 2017. Trump tweeted Tuesday. "Their employees and customers are already very angry at them".

The President also predicted the company's demise - "they surrendered, they quit!" - and said their "Aura will be gone".

EPS for Harley-Davidson, Inc. (HOG) Expected At $1.40
Rampart Investment Management Company LLC's holdings in Harley-Davidson were worth $211,000 at the end of the most recent quarter. Shares of Harley-Davidson traded up $0.97, hitting $45.68, during mid-day trading on Wednesday, according to Marketbeat .

And here's the part where Trump threatens the company by elaborating on the "big tax" they'll face if they proceed with their overseas operation. US exports of Harley-Davidson motorcycles there, on which India used to impose whopping 60 to 75 percent tariffs.

Harley said the plant consolidation will save it $65 to $75 million a year beginning in 2020.

Lynch did not say what effect the expected price increases would have on European sales, noting that "we continue to invest behind the growth of American whiskey in the EU".

In a subsequent tweet, Trump said the U.S.is managing to get other countries to lower existing tariffs and barriers that he said have been in place for years trough bad deals.

Increasing foreign investment in the United States, something Walker was in Washington advocating for at a U.S. Department of Commerce event last week, will also help reduce the trade imbalance and need for tariffs, he said.

With China and the European Union combining to slap the United States with more than $60 billion in tariffs, the end of the trade war is nowhere in sight and other countries including Canada and Mexico will likely step up their efforts in the coming months.

Jared Bernstein, a top economic adviser to Joe Biden when he was vice president, said Trump's tariffs reveal a lack of understanding of the modern global economy, which has both mobile capital and mobile production capacity.

Trump slammed the Milwaukee-based motorcycle company on Monday for waving a "white flag" with the EU. "If the United States hits us again with a 20 percent increase on cars, we will respond again".

And in that view, he has the support of at least one participant in that Dayton roundtable two years ago.

"I do believe that the United States has been taken advantage of for a multitude of years", said Al Choiniere, the chief operating officer at Superion Inc.

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