Harley “flees” from the United States!


The US-based Harley Davidson, faced with rising costs due to new European tariffs, announced that it will switch the production of engines designed for the European market from the United States overseas. The goal of moving production to overseas plants is to avoid EU customs barriers, AP reports.

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NEW YORK, NY – JUNE 25: Rows of Harley-Davidson motorcycle sit for sale outside of the Harley-Davidson of New York City showroom store, June 25, 2018 in the Queens borough of New York City. The American motorcycle company announced on Monday that it will shift production of some of its bikes overseas in order to avoid retaliatory tariffs by the European Union in response to U.S. President Donald Trump’s tariffs on steel and aluminum imported from the EU. (Photo by Drew Angerer/Getty Images)

European import tariffs from the US increased from 6 percent to 31 percent, the company said, adding that they would not increase their prices, although they would have to “jump” $ 2,200 based on these tariffs, as this could to have “lasting harmful consequences for the company’s operations in the region”.

Tariffs will, as reported, cost $ 30-45 million in Harley-Davidson in the rest of the current year, while at an annual rate this cost could reach $ 90-100 million.

US President Donald Tramp criticized Harley Davidson for making this decision.

Harley Davidson, probably the most famous motors manufacturer in the world, has been in existence since 1903, and has three factories in Wisconsin, and in Missouri and Pennsylvania.

The company is one of the few who survived the Great Depression, the economic crisis of the 1920s and 1930s, numerous ownership arrangements, subordinate agreements, poor financial conditions and poor quality of products, and global competition and became the legendary brand first of all known by loyal customers.

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