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The Milwaukee-based company said on Monday it will move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast that the trading bloc's tariffs - introduced as a counter to Trump's tariffs on some EU-produced metals - would cost the company million to 0 million a year.Harley-Davidson said it had no comment on the president's tweets. To view a graphic on Harley-Davidson's exposure to import tariffs, click: https://tmsnrt.rs/2K7Es4C 'AN EXCUSE' In a series of Twitter posts on Tuesday morning, Trump suggested the famous American brand was using trade tensions over tariffs as an excuse to move production."If they move, watch, it will be the beginning of the end - they surrendered, they quit! The White House did not respond to a request for comment on Trump's tweet.The Aura will be gone and they will be taxed like never before! It was unclear what taxes Trump was referring to, and why the company might have to pay them, since it will maintain production in the United States for U. Harley-Davidson shares closed down 0.6 percent at .32, after falling nearly 6 percent on Monday.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.
BIKERS FOR TRUMP Trump first responded angrily to the Harley announcement on Monday, saying he has supported the 115-year-old manufacturer and was surprised by its plans, which he described as waving the "White Flag." "I fought hard for them and ultimately they will not pay tariffs selling into the E. Trump enjoyed the support of a group called "Bikers for Trump" in his 2016 presidential campaign and he invited Harley-Davidson representatives to the White House in February 2017 shortly after he took office, greeting them with the words "Made in America, Harley-Davidson." The company is only the latest targeted by Trump for various reasons. Trump's attack, the latest in a series of criticisms of U. companies, was an about-face for the president, who hosted company officials and gleaming Harley-Davidson bikes on the White House lawn shortly after his inauguration. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash if it went ahead with a plan to move production for European customers overseas.That’s how we tie it in with custom bikes.” Also impressive are the seats and console lid, which features hand-made cloisonné badges; the console has a limited-edition serialization plate.