He also vowed to retaliate against Harley-Davidson with taxes and said its "employees and customers are already very angry at them". Trump points out that earlier this year, "Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". "They're tax increases on Americans, they don't work, and apparently we're going to see more of this", he said.
He said Trump has a "legitimate beef" with the company, since their existing plan was to close a Kansas City plant as part of a goal to have 50 percent of their production outside the U.S.by 2027.
In the past couple of months, President Trump has sparked a major global trade conflict by announcing tariffs on hundreds of billions of dollars worth of goods produced in places including China, Mexico and the European Union, driven by a belief that all are undermining the United States economy by producing goods for less money. "Taxes just a Harley excuse - be patient!" he wrote. The EU targeted the USA vehicles as part of its rebuttal to Trump's tariffs on imported aluminum and steel.
"Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles available to customers in the European Union and maintain a viable business in Europe", the company said.
Harley said ramping-up production at its overseas global plants will require incremental investments and could take at least nine to 18 months.
This would cost the company about $90 million to $100 million annually, the manufacturer said and added that it was striving to absorb rather than pass extra costs on to customers in the medium-term.
"Harley-Davidson's announcement today is the latest slap in the face to the loyal, highly-skilled workforce that made Harley an iconic American brand". Harley-Davidson has denied that.
The EU says the consequences of a trade war shouldn't be a surprise.
"Will Harley use any excuse to ship jobs overseas?" Martinez added. "Does Harley even understand what "Made in America" means?" For more than a century, the company has been an icon not just in motorcycle culture but in American culture at large.
The Trump administration has started fights with trading partners around the world, imposing tariffs on imported steel and aluminum, provoking retaliation from close us allies including the European Union, Canada, Mexico and Turkey. "Every dollar that we send in exchange for goods will come back to us from foreigners in the form of investment". He has been riding Harley-Davidson motorcycles, in particular, since October of 1997. Harley-Davidson and its European Union consumers, however, are still winners.
Trump's tweet on Monday is a sign the administration will continue placing blame on United States trading partners, even as American companies shift production or lay off workers amid escalating trade battles. And on Monday, the company said it plans to move some of its operations overseas. He's said the tariffs he's applying will realign trade imbalances that harm U.S. workers.
President Donald Trump's trade policies have put Harley-Davidson in the crosshairs. Daimler last week said the tariff escalation will crimp its earnings. Shows how unbalanced & unfair trade is...
So there are a few misleading statements in the President's tirade of tweets, but let's go back to something he said in the very first one.