President warns Harley-Davidson: 'We won't forget'
- Author: Eleanor Harrison Jun 28, 2018,
Jun 28, 2018, 17:20
President Donald Trump is warning Harley-Davidson that "We won't forget" about its decision to shift some motorcycle production overseas.
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 USA to avoid retaliatory tariffs. Trump says that he's "done so much for you, and then this".
"When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high".
Trump says on Twitter, "We won't forget, and neither will your customers or your now very HAPPY competitors!" "Harley-Davidson said, they wanted to do that (move some manufacturing base overseas)".
Rep. Jim Renacci aligned himself with President Donald Trump, criticizing Harley-Davidson's decision to move some jobs overseas.
This week Harley said it would move production of motorcycles bound for Europe overseas, blaming European Union tariffs that it said would add $2,200 to the cost of an average bike.
Those tariffs came as a result of Trump's decision to impose steep duties on steel and aluminum imports Europe and elsewhere last month.
President Trump tweeted Tuesday that Harley-Davidson had already announced it was closing a Kansas City plant and moving those jobs to Thailand. But Harley-Davidson had warned past year against responding to foreign trade barriers with higher American tariffs, saying the levies could negatively impact sales.
"Harley-Davidson maintains a strong commitment to US -based manufacturing which is valued by riders globally", the company said Monday.
S&P's rating for Harley is A-minus - not sterling but in the top tier.
"We don't want to punish, but that is the unfortunate effect, that (US companies) will put pressure on the American administration to say hey, hold on a minute, this is not good for the American economy", EU Trade Commissioner Cecilia Malmstrom said at a news briefing. Taxes just a Harley excuse - be patient!
MrTrump ridiculed the company for building motorcycles overseas.
Harley-Davidson said it had no comment on the president's tweets.
It was not clear which competitors Mr Trump meant in his Wednesday tweet.
The Minneapolis/St. Paul Business Journal reported Tuesday that Polaris was considering moving some Indian motorcycle production overseas, to a facility in Poland, because of the European Union retaliatory tariffs.