Harley Davidson's CEO Matthew S Levatich announced that the company will be moving part of its operation overseas. Trump's answer is as usually, the one of an eight-year-old bully - "A Harley-Davidson should never be built in another country-never! Their employees and customers are already very angry at them. If they move, watch, it will be the beginning of the end - they surrendered, they quit! The Aura will be gone and they will be taxed like never before!"
Trump also said that the iconic U.S. company is simply using the increased trade tensions as an excuse to justify planned changes. It might be true or not true, but for a president of the United States to act like a mad hurt ex girlfriend that everyone hates, well...
Even if there was a sure plan to move some production out, the tariffs most likely hastened the move. It's also a fact that Americans are buying fewer motorcycles these days and people outside the United States are buying more, and building their bikes closer to their customers makes sense. Just last quarter the Harley's sales in the States fell 12% while they grew roughly 7% elsewhere.
And with the Trump's new European tariffs, each motorcycle will be about $2,200 more expensive to export.
"Increasing international production to alleviate the EU tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business," the company has said.
So Harley Davidson will be moving some production to Asia. They already have overseas manufacturing plants in Australia, Brazil, India, and Thailand.
The kid tweeted some more on Tuesday - "Harley must know that they won't be able to sell back into U.S. without paying a big tax!"
While there hasn't been much response from Harley Davidson, I guess they decided to let the little bully have his day, there's a fake tweet by Harley Davidson CEO Matthew S Levatich circling around in the cyberspace that reads - "Our decision to move some of our operations is 100% based on President Trumps tariffs. Mr. Trump knows nothing about economics and even less about trade. The man is a moron."
While the tweet is fake, it might as well be true. Or at least most parts of it.
Trump also said that the iconic U.S. company is simply using the increased trade tensions as an excuse to justify planned changes. It might be true or not true, but for a president of the United States to act like a mad hurt ex girlfriend that everyone hates, well...
Even if there was a sure plan to move some production out, the tariffs most likely hastened the move. It's also a fact that Americans are buying fewer motorcycles these days and people outside the United States are buying more, and building their bikes closer to their customers makes sense. Just last quarter the Harley's sales in the States fell 12% while they grew roughly 7% elsewhere.
And with the Trump's new European tariffs, each motorcycle will be about $2,200 more expensive to export.
"Increasing international production to alleviate the EU tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business," the company has said.
So Harley Davidson will be moving some production to Asia. They already have overseas manufacturing plants in Australia, Brazil, India, and Thailand.
The kid tweeted some more on Tuesday - "Harley must know that they won't be able to sell back into U.S. without paying a big tax!"
While there hasn't been much response from Harley Davidson, I guess they decided to let the little bully have his day, there's a fake tweet by Harley Davidson CEO Matthew S Levatich circling around in the cyberspace that reads - "Our decision to move some of our operations is 100% based on President Trumps tariffs. Mr. Trump knows nothing about economics and even less about trade. The man is a moron."
While the tweet is fake, it might as well be true. Or at least most parts of it.
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