Trump Threatens Tax On Harley-Davidson Bikes Imported To The US

Trump tweeted Tuesday that Harley-Davidson had already announced it was closing a Kansas City plant and moving those jobs to Thailand.

President Donald Trump's tirade against motorcycle manufacturer Harley-Davidson represents a rather stunning reversal of his previous praise for the company.

European Union officials, meanwhile, suggested Trump had only himself to blame for the falling-out with a company he had previously hailed as "a true American icon".

Trump wrote yesterday that Harley "should stay 100 per cent in America", in another missive aimed at a company that announced plans this week to shift production out of the U.S. to avoid retaliatory tariffs. On Monday, Trump said Harley waves "the White Flag" in the tariff fight - then continued to blast the firm on Tuesday. "We won't forget, and neither will your customers or your now very HAPPY competitors!"

The president had earlier warned that any shift in production "will be the beginning of the end". Harley must know that they won't be able to sell back into US without paying a big tax! "Harley must know that they won't be able to sell back into US without paying a big tax!"

Harley-Davidson should stay 100% in America, with the people that got you your success. "Hence, they were just using Tariffs/Trade War as an excuse", he said.

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Harley-Davidson to shift some production out of USA over European Union tariffs
Yet Harley-Davidson had previously warned that the escalating tariffs spat would lead to an even higher burden for the company. Lovely said Harley and other companies face retaliatory tariffs in Europe and elsewhere if they try to export products.

Harley-Davidson has denied a link between Kansas City and Thailand.

To avoid paying a 31% tariff to ship motorcycles from the U.S. to the EU, Harley chose to move more production to its plants in places like Thailand and Brazil.

Last year, Harley-Davidson announced it would build a plant in Thailand after Trump pulled out of the Trans-Pacific Partnership (TPP) trade deal, which would have abolished tariffs on their motorcycles across 40 percent of the world's economy. S&P says the tariffs could lead to profit margin deterioration and increased risks when combined with falling retail sales and shipments.

Meanwhile, in order to intensify its sanctions against Iran, the United States has ruled out any exemption to India and Indian companies from carrying out any transactions with Iran.

It said that shifting targeted production from the USA to worldwide facilities could take at least nine to 18 months to be fully completed.

The iconic motorcycle brand is the latest U.S. corporation to run afoul of the U.S. president, who has attacked Amazon as a tax dodger and scamming the U.S. Postal Service.

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