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The European Union has enacted tariffs on various U.S.-manufactured products, including Harley-Davidson motorcycles. These tariffs, which became effective June 22, 2018, were imposed in response to the tariffs the U.S. imposed on steel and aluminum exported from the EU to the U.S.

Consequently, EU tariffs on Harley-Davidson motorcycles exported from the U.S. have increased from 6% to 31%. Harley-Davidson expects these tariffs will result in an incremental cost of approximately $2,200 per average motorcycle exported from the U.S. to the EU.

Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers’ businesses. Therefore, Harley-Davidson will not raise its manufacturer’s suggested retail prices or wholesale prices to its dealers to cover the costs of the retaliatory tariffs. In the near-term, the company will bear the significant impact resulting from these tariffs, and the company estimates the incremental cost for the remainder of 2018 to be approximately $30 to $45 million. On a full-year basis, the company estimates the aggregate annual impact due to the EU tariffs to be approximately $90 to $100 million.

To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for EU destinations from the U.S. to its international facilities to avoid the tariff burden. Harley-Davidson expects ramping-up production in international plants will require incremental investment and could take at least 9 to 18 months to be fully complete.

Harley-Davidson maintains a strong commitment to U.S.-based manufacturing which is valued by riders globally. 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 in Europe. Europe is a critical market for Harley-Davidson. In 2017, nearly 40,000 riders bought new Harley-Davidson motorcycles in Europe, and the revenue generated from the EU countries is second only to the U.S.

Harley-Davidson’s purpose is to fulfill dreams of personal freedom for customers who live in the European Union and across the world, and the company remains fully engaged with government officials in both the U.S. and the EU helping to find sustainable solutions to trade issues and rescind all tariffs that restrict free and fair trade.

so much winning.

Harley-Davidson will provide more details of the financial implications and plans to mitigate the impact of retaliatory EU tariffs during the company’s second quarter earnings conference call on July 24, 2018, at 8:00AM CDT.

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Enlil said:
I don't see a downside to this, actually.  Send those low-skilled jobs to the EU, while those same workers will undoubtedly move into research positions in the nanotech industry.

MAGA!

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LogicaL Chaos said:
I just saw that on the news.

How ironic that Trump wanted to help businesses in the US, but by taxing imported materials causes them to want/need to relocate to another country.

Didnt see that comin did ya Trump?

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The Ecstatic said:
Someone help qman with these goalposts.

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qman said:

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LogicaL Chaos said:
I just saw that on the news.

How ironic that Trump wanted to help businesses in the US, but by taxing imported materials causes them to want/need to relocate to another country.

Didnt see that comin did ya Trump?

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Of course it's going to hurt some companies, do you really think one policy helps every company?  That's extremely naïve or disingenuous, which is it?

The real test is what it produces OVERALL and not on an company specific case, correct?

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LogicaL Chaos said:
How does it benefit US companies thou?

Unless we have a bunch of metal-manufacturing plants in the US.

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LogicaL Chaos said:
How does it benefit US companies thou?

Unless we have a bunch of metal-manufacturing plants in the US.

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Psilynut2 said:
More likely to move into picking positions in the strawberry industry  than anything tech related .
  I hope Harley goes out of buisiness . Id like to see a few less slow obnoxiously loud piles of crap  operated by stupid pricks who think their bullshit is faster than my Porsche .

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Kryptos said:

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LogicaL Chaos said:
How does it benefit US companies thou?

Unless we have a bunch of metal-manufacturing plants in the US.

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The stock prices went up last year, so US company owners benefitted. Who else matters?

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Brian Jones said:
Actually I think this could have fairly major implications. In the outlaw motorcycle world (or at least the Outlaws and the Angels) you have to ride an American made bike. and nearly all ride Harleys. I live in Outlaw country and I only know a couple members, but the other bikers I know seem to emulate them (except they're less quick to resort to violence). They dress like them and Support your Local Outlaws shirts are very popular. It will be interesting to see how "buy American" plays out in these subcultures.

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Brian Jones said:

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Kryptos said:

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LogicaL Chaos said:
How does it benefit US companies thou?

Unless we have a bunch of metal-manufacturing plants in the US.

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The stock prices went up last year, so US company owners benefitted. Who else matters?

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The stock prices are not up now, so what's your point?. This didn't benefit anyone except short term stock traders who guessed right.

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Mid-Continent Nail of Poplar Bluff, Mo., the largest U.S. nail manufacturer, cut 60 jobs on June 15 and plans to lay off an additional 200 workers in a few days, citing plummeting sales following the imposition of Trump’s tariffs on metals. The company said it may not survive past Labor Day if it doesn’t get relief from the tariffs.

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Another one

Th trump economy is heating up

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In January, President Trump mandated a 30% tariff on solar equipment manufactured abroad, a decision largely aimed at China and intended to reduce the prices of solar panels.



But now, one U.S.-based company is saying the tariff had the opposite effect. SunPower, the nation’s second-biggest commercial solar-power company, reportedly pays an additional $2 million per week because of the tariff

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Citizen X said:
I would like to see a graph on how this last round of tax cuts boosted wages, if it did, when one is available.

This low wage, credit based society America is going through cannot go on forever. Mark my words, but it’s a great distraction. They keep ya busy

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For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS.

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koods said:
The sad thing is, trump supporters are so emotionally invested in MAGA they don’t actually care that his policies are a going to ruin the economy and hurt themselves. It’s all about feeling and remembering the glory days when trump beat Hillary by -3,000,0000 votes

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“A Harley-Davidson should never be built in another country-never!” Trump tweeted. “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!”

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Harley-Davidson's sales fell in 2017, a continuing trend for the company in recent years, according to the Milwaukee Journal-Sentinel.
http://kcur.org/post/harley-davidson-will-close-its-kansas-city-assembly-plant#stream/0

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Further, one company's actions are not representative of the economy.

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koods said:
Donald trump is clueless about world trade.

Harley is already moving some production to asia due to the us pulling out of the TPP. The TPP would have allowed them to make bikes in the us and ship them to Asia without any tariffs, but without free trade deals they have to make them elsewhere to avoid taxes.

...

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Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand. That was long before Tariffs were announced. Hence, they were just using Tariffs/Trade War as an excuse.

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Psilynut2 said:

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Further, one company's actions are not representative of the economy.

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  It’s just the first bite of the shit sandwich .

“””The proposed U.S. tariffs on car imports will have far reaching negative implications for the whole auto industry, according to Moody’s Investors Service.
The research firm said higher tariffs will cause problems across the car industry’s global supply chain.”””

https://www.google.com/amp/s/www.cnbc.com/amp/2018/06/25/trumps-tariffs-on-auto-imports-will-hurt-entire-car-industry-moodys.html

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Yeah, I'll listen to a Wall Street ratings agency to tell us what's in the best interest of the working man. They would never side with the interests of Wall Street.

Aren't these the same guys that told the world all the sub-prime bonds were AAA rated, how did that workout?

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The Ecstatic said:
Then: Tariffs are what we need. Itll solve our problems.

Now: well obviously tariffs will only work in some cases sometimes.

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Kryptos said:
I was listening to NPR earlier, and they had audio of some Harley worker saying even if he lost his job to tariffs he'd still vote for Trump and supports him 100%.

There are people ready and willing to make their own lives objectively worse for a perceived evil that has less evidence backing it up than climate change. Which they also deny.

It's becoming harder to care.

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qman said:

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The Ecstatic said:
Then: Tariffs are what we need. Itll solve our problems.

Now: well obviously tariffs will only work in some cases sometimes.

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You better email Bernie and tell him his economic tariffs are a bad idea, and that globalization is working out great for the US working class.

Do you always flip flop depending on the political environment?

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The Ecstatic said:

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qman said:

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The Ecstatic said:
Then: Tariffs are what we need. Itll solve our problems.

Now: well obviously tariffs will only work in some cases sometimes.

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You better email Bernie and tell him his economic tariffs are a bad idea, and that globalization is working out great for the US working class.

Do you always flip flop depending on the political environment?

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Lol @ you thinking i'm married to bernie, or that my opinions follow his, lockstep.

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qman said:
Yeah, I'll listen to a Wall Street ratings agency to tell us what's in the best interest of the working man. They would never side with the interests of Wall Street.

Aren't these the same guys that told the world all the sub-prime bonds were AAA rated, how did that workout?

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qman said:

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The Ecstatic said:
Then: Tariffs are what we need. Itll solve our problems.

Now: well obviously tariffs will only work in some cases sometimes.

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You better email Bernie and tell him his economic tariffs are a bad idea, and that globalization is working out great for the US working class.

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qman said:

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Kryptos said:
I was listening to NPR earlier, and they had audio of some Harley worker saying even if he lost his job to tariffs he'd still vote for Trump and supports him 100%.

There are people ready and willing to make their own lives objectively worse for a perceived evil that has less evidence backing it up than climate change. Which they also deny.

It's becoming harder to care.

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"a perceived evil that has less evidence backing it up than climate change"

So the US doesn't have a massive trade deficit that has proven to screw the working class while getting the rich even richer?

You do realize that tariffs aren't meant to help every worker, but to help the OVERALL environment for US workers at the EXPENSE of corporate profits and shareholders?

Why are liberals siding with the Fat Cats on Wall Street once again?  You do realize investors HATE the idea of tariffs and they spent billions of dollars to pass US trade agreements in the past?

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Psilynut2 said:

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qman said:
Yeah, I'll listen to a Wall Street ratings agency to tell us what's in the best interest of the working man. They would never side with the interests of Wall Street.

Aren't these the same guys that told the world all the sub-prime bonds were AAA rated, how did that workout?

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According to the article there is going to be 25% increase foreign car parts... guess what I’m not going to be buying for my Porsche from a store called pelican parts out of LA anymore ? How is this going to be good for me ?

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relic said:

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qman said:

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The Ecstatic said:
Then: Tariffs are what we need. Itll solve our problems.

Now: well obviously tariffs will only work in some cases sometimes.

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You better email Bernie and tell him his economic tariffs are a bad idea, and that globalization is working out great for the US working class.

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because bernie sanders is now the president of the united states and has the ability to shape foreign policy on his own, right?  i realize that the right is seemingly never able to criticize or break ranks with their own, but many others often do.

or, you're just arguing in bad faith.  again. 

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qman said:
Do you always flip flop depending on the political environment?

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do you always make up shit about other people's ideology?  if not, you'll provide the quote where ecstatic said he supports bernie's tariffs proposals or retract that accusation, right?

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The Ecstatic said:
To qman i'm a liberal, a progressive, a socialist, and a communist.


These words all mean the same thing to him bc honestly why learn?

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Kryptos said:

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qman said:

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Kryptos said:
I was listening to NPR earlier, and they had audio of some Harley worker saying even if he lost his job to tariffs he'd still vote for Trump and supports him 100%.

There are people ready and willing to make their own lives objectively worse for a perceived evil that has less evidence backing it up than climate change. Which they also deny.

It's becoming harder to care.

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"a perceived evil that has less evidence backing it up than climate change"

So the US doesn't have a massive trade deficit that has proven to screw the working class while getting the rich even richer?

You do realize that tariffs aren't meant to help every worker, but to help the OVERALL environment for US workers at the EXPENSE of corporate profits and shareholders?

Why are liberals siding with the Fat Cats on Wall Street once again?  You do realize investors HATE the idea of tariffs and they spent billions of dollars to pass US trade agreements in the past?

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Sure, the US has a trade deficit. I have yet to see proof of how that screws the working class. Or particularly helps shareholders. Just like your views on immigration, you just kind of assume that everyone agrees it's bad. We...Don't. You've never adequately backed up either the claim that a trade deficit is bad or that immigration is bad.

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koods said:
It's you that doesn't understand economics.

US manufacturing output saw its greatest increase after NAFTA went into effect.

As is now being demonstrated, unilateral Tarrifs lead to situations where manufacturers move their production out of the US to avoid paying them. The evidence is right In front of your face and you still ignore it.

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The Ecstatic said:
Tariffs wont help and neither will trade deals. Capitalism is the problem.

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Yeah, I knew that was coming. How in the world could you agree with Bernie on economic tariffs when you don't believe in capitalism in the first place.

Why have trade tariffs when a dysfunctional government filled with corrupt bureaucrats can figure out the most effective form of distributing resources.

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qman said:

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Kryptos said:

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qman said:

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Kryptos said:
I was listening to NPR earlier, and they had audio of some Harley worker saying even if he lost his job to tariffs he'd still vote for Trump and supports him 100%.

There are people ready and willing to make their own lives objectively worse for a perceived evil that has less evidence backing it up than climate change. Which they also deny.

It's becoming harder to care.

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"a perceived evil that has less evidence backing it up than climate change"

So the US doesn't have a massive trade deficit that has proven to screw the working class while getting the rich even richer?

You do realize that tariffs aren't meant to help every worker, but to help the OVERALL environment for US workers at the EXPENSE of corporate profits and shareholders?

Why are liberals siding with the Fat Cats on Wall Street once again?  You do realize investors HATE the idea of tariffs and they spent billions of dollars to pass US trade agreements in the past?

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Sure, the US has a trade deficit. I have yet to see proof of how that screws the working class. Or particularly helps shareholders. Just like your views on immigration, you just kind of assume that everyone agrees it's bad. We...Don't. You've never adequately backed up either the claim that a trade deficit is bad or that immigration is bad.

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Wow, this is amazing. You truly don't understand the mechanisms of US trade agreements and how they have created the largest wealth inequality in over 80 years.

What happens when a global company closes up shop in the US and sets up operations in China?  US workers lose their jobs and then the company uses cheap labor to enhance their profits as they export the product back into the US.  Great for shareholders and not good for unemployed worker, correct? 

Who promoted NAFTA and the other US trade agreements?  Yeah, that would be Wall Street/elite to enhance profits from cheaper labor. As a result, the US working class has suffered a continuing decline in the standard of living.

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The Ecstatic said:
Capitalism is why our government is corrupt

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You mean crony global capitalism.