WEB Notes: Another article points out how a steel mill was re-opened in the US, so we are going to get a little back and forth here. However, instead of playing tariff games our government could just reduce their spending, cut the corporate tax rate (US has third highest rate in the world) and watch loads of corporations come back to the USA bringing their wealth and jobs with them. Only in a perfect world.
The company is shifting some production of motorcycles for European customers out of the United States to avoid EU retaliatory tariffs.
Harley-Davidson’s move is some of the most direct evidence yet that tit-for-tat trade fights between the United States and other countries have consequences for American companies. Harley-Davidson said it stood to lose as much as $100 million a year.
“Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option,” it said in a regulatory filing on Monday. Harley-Davidson’s (HOG) stock tumbled 6%.