President Donald Trump is denying that his trade policy is responsible for Harley-Davidson's decision to some motorcycle production overseas.
We're not sure how patient Harley-Davidson can be, honestly.
Harley-Davidson said Monday it was moving production of motorcycles sold in Europe from US factories to facilities overseas because of retaliatory tariffs it faces in an escalating trade dispute between involving Trump's administration and the European Union.
"In this administration, our allegiance will be to the American workers and to American businesses, like Harley-Davidson, that were very strong in the 1980s and I remember this - you were victims of trading abuse - big trading abuse, where they were dumping all sorts of competitors all over the place", Trump said. Of course, Trump had something to Tweet about it and decided to make his opinion public. the president had a lot to say about it. Now the European Union has made a decision to target Harley for increased tariffs in response to Trump's trade war. Hence, they were just using Tariffs/Trade War as an excuse. He argued this was done in retaliation to the imbalance of trade that the USA has with major trading partners including China, the European Union and India, Press Trust of India reports.
Once the news was out, President Trump rushed to Twitter to make his feelings known.
"A Harley-Davidson should never be built in another country-never!" Trump tweeted. "Their employees and customers are already very angry at them". They surrendered! They quit! The Aura will be gone and they will be taxed like never before!More news: See the bulldog who won the World's Ugliest Dog contest
Trump says he's getting other countries to reduce and eliminate tariffs and trade barriers, and open up closed markets.
Harley on Wednesday responded while sidestepping the controversy and not commenting on the president's tweets. "Other companies are coming back where they belong!" S&P's rating for Harley is A-minus - not sterling but in the top tier.
According to Harley-Davidson, the move "is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe".
Harley-Davidson executives met with Trump at the White House a year ago after Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned.
"Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag". "I understand that the President is a tough negotiator, but I urge him to consider a more targeted approach that protects American workers and businesses".