Trump still upset about Harley-Davidson

Alicia Cross
June 28, 2018

He incorrectly said Harley was moving production to Asia from the USA, when in fact the expansion in Thailand was unrelated to the closing in Missouri.

"Harley-Davidson is a true American icon, one of the greats". Taxes just a Harley excuse - be patient! Trump tweeted. "Their employees and customers are already very angry at them".

Harley-Davidson has denied a link between Kansas City and Thailand. If they move, watch it, it will be the beginning of the end.

"Earlier this year, Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". "I was the one that explained to Harley about 100 per cent tax in India. and I got it down to a much lower number. which is, I think, 50 per cent, which is far too much, but they were paying 100 per cent".

"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. Companies are now coming back to America.

The company is setting up an assembly plant in Thailand, a move it announced in May 2017, but that would put together bikes only for the growing Southeast Asian market.

Odds and Updated Predictions for Tuesday's Group Matches
After hitting a road block in a 2-0 loss to Peru in Sochi, Australia depart after the group stage for the third consecutive tournament.

Simeone slams Argentina 'anarchy', takes jab at Messi
The 33-year-old Portuguese captain has scored the most by scoring 4 goals so far from his magical exposure. And there's plenty of time for others to turn things around.

Local reaction to SCOTUS online sales tax ruling
The previous court decisions "created an inefficient 'online sales tax loophole" that gives out-of-state businesses an advantage. Wayfair stock was down 2.5 percent in morning trading, while shares of online craft marketplace Etsy dropped more than 3 percent.

Republican Rep. Jim Sensenbrenner, whose Wisconsin district includes Harley's plant in Menomonee Falls, said the European Union has a long history of abusive trade practices but urged Trump to address abuses without harming jobs in the U.S. The company has said ramping up production overseas could take at least nine to 18 months. According to Bloomberg, Harley's USA sales have dropped every quarter since Q1 2015.

S&P's rating for Harley is A-minus - not sterling but in the top tier.

Harley-Davidson executives met with President Trump at the White House previous year after President Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned.

"I fought hard for them and ultimately they will not pay tariffs selling into the European Union, which has hurt us badly on trade, down $151 Billion". Trump said in a post on Twitter on Monday night.

"Harley-Davidson should stay 100% in America, with the people that got you your success", Mr Trump said in the tweet on Wednesday.

The iconic motorcycle brand is the latest U.S. corporation to run afoul of the U.S. president, who has attacked Amazon as a tax dodger and scamming the U.S. Postal Service.

Other reports by Free-Prsite

Discuss This Article