Ryan blasts United States trade policy over Harley shift

Logo of U.S. motorcycle company Harley Davidson

This is clearly targeted at Milwaukee-based Harley-Davidson, though Indian Motorcycles (and parent company Polaris) will also be impacted.

Trump's tweet, sent Tuesday morning, sends a clear message that his administration plans on penalizing companies that shift production as a result of ongoing trade battles between the US and foreign nations.

Trump, who has been taking up the case of tariffs on Harley-Davidson by India, which in part is responsible for the current trade tension between the two countries, said he is surprised by such a decision by the motorcycle manufacturer. He later added, "The Aura will be gone and they will be taxed like never before!".

What is Harley-Davidson doing?

Harley-Davidson already manufactures in India, according to James Hardiman of Wedbush Securities.

Lange said USA lawmakers would hopefully "intervene and take back certain powers from the president, such as the competence to launch 232 national security investigations, and bring it back under control of the Congress".

Harley-Davidson didn't immediately return a request for comment.

Harley has been aiming to boost overseas sales of its motorcycles to 50 per cent of annual volume from about 43 per cent.

"That was long before Tariffs were announced", Trump said.

It was also unclear what he was referring to in this post.

Its Kansas City factory closure isn't tied to shifting jobs overseas.

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Lovely said Harley and other companies face retaliatory tariffs in Europe and elsewhere if they try to export products.

The president has repeatedly attacked Amazon.com Inc over what he sees as its unfair treatment of the U.S. Postal Service, and he has complained about the high costs of Boeing Co's replacements for Air Force One aircraft, urging the federal government to cancel the order.

Harley announced the Thailand factory after Mr. Trump's withdrawal from the Trans-Pacific Partnership.

"Harley's announcement came as an unintended effect of the Trump administration's efforts to protect American jobs by levying tariffs, including duties on imports of European steel and aluminum", CNBC noted on Monday.

Harley-Davidson isn't halting manufacturing in the U.S. He hasn't spelled out what he would do to further that policy and his spokeswoman repeated that same position Tuesday when asked to react to Trump's tweets.

Legend has it that the iconic American motorbike firm Harley Davidson claimed the "potato-potato" sound its V-twin engines make is so unique that it copyrighted the beat. "The problem isn't that Harley is unpatriotic; it's that tariffs are stupid", the Nebraska senator said. Wisconsin, where Harley is based, is the home of Speaker Paul Ryan.

"I do not think anybody expected this to escalate to the level that it's at", he said.

"The EU is attempting to punish USA workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and reciprocal trade and hopes that the EU will join us in that", Sanders said. Daimler last week said the tariff escalation will crimp its earnings.

"This is a piece of a larger discussion on trade and tariffs - this is a byproduct of a trade war, and there are few winners in this", Schreiber said.

The idea of Harley-Davidson sending jobs overseas doesn't sit well with many, including some union officials, motorcycle owners and even President Donald Trump. Trade Commissioner Cecilia Malmstrom said Tuesday that "there has to be consequences if you do not respect worldwide, global rules". One possible reason for the change of heart being the Harley-Davidson Street 500 and 750 are manufactured there. Demand for motorcycles has declined for each of the last three years among American buyers and is likely to decline in 2018 as well, Wedbush noted.

Europe is too important of a market for Harley to neglect.

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