Thursday, 16 August, 2018

Trump supports Harley boycott if some production shifts overseas

President Trump encourages Harley Davidson owners to boycott motorcycle company President Trump stands in the rain with members of Bikers for Trump at Trump National Golf Club in Bedminster N.J. on Saturday
Deanna Wagner | 13 August, 2018, 07:07

And Cox himself, despite selling foreign-made products, is one of the motorcyclists organizing other bikers to oppose Harley-Davidson for moving production overseas. It will also likely be his last.

On Sunday Trump tweeted that "many" Harley-Davidson owners plan to boycott the company if manufacturing moves overseas.

US President Donald Trump listens as supporters cheer following the pledge of allegiance during a Bikers for Trump event at the Trump National Golf Club August 11, 2018 in Bedminster, New Jersey. Great! Most other companies are coming in our direction, including Harley competitors.

President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc (HOG.N) on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on steel.

"To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the U.S.to its global facilities to avoid the tariff burden", the company wrote in a Securities and Exchange Commission filing. A really bad move!

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Trump pushed Harley-Davidson to keep its production "100% in America", but also criticized the company and warned it would take a "big hit" for the move and cited his base's support for the company. USA will soon have a level playing field, or better'.

In January, Harley-Davidson announced it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania.

Motorcycle companies based outside the United States include Japan's Honda Motor Co.

According to Fortune, Harley-Davidson CEO Matt Levatich described the president's recent attacks on the company as "unfortunate attention", stressing that Harley-Davidson will remain "apolitical".