Trump threatens Harley-Davidson: If it moves operations overseas, ‘they will be taxed like never before!’
President Donald Trump threatened on Tuesday that Harley-Davidsonwill be “taxed like never before” if the motorcycle maker moves production overseas. He claimed that the iconic U.S. company was using increased trade tensions as an excuse to justify planned changes in manufacturing.
“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 said in a tweet.
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!
— Donald J. Trump (@realDonaldTrump) June 26, 2018
Harley said Monday it was moving some production overseas due to increased costs from the EU’s retaliatory tariffs against the Trump administration’s duties on steel and aluminum. No production will be moving to Europe as a result of the tariffs, according to the company. Harley’s overseas manufacturing plants are in Brazil, India, Australia and Thailand.
[CNBC]