Trump Harley vow: US to 'reciprocate' over 'unfair' EU tariffs
The US will respond to the EU's tariffs on motorcycle-maker Harley-Davidson, which has shifted some production overseas to avoid rising levies, President Donald Trump has said.
"So unfair to US. We will Reciprocate!" Trump said yesterday on Twitter. Harley-Davidson reported slumping first-quarter profit yesterday, though it beat analysts' expectations. Harley is moving some US production overseas to sidestep EU tariffs that jumped to 31pc from 6pc after Mr Trump hiked levies on steel and aluminium imports. The company's move sparked the ire of Mr Trump, who said he'd back a boycott of its bikes.
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Tariffs will cost it between $100m and $120m in 2019, executives said in January. Mr Trump is scheduled to hold a political rally in Green Bay in Harley's home state of Wisconsin on Saturday night.