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Would you wear a Chinese-made helmet, jacket, gloves, or motorcycle, in the wake of the escalating trade war with Australia? The Communist Party of China has imposed hefty tariffs and threatened other measures on some Australian exports after Prime Minister Scott Morrison called for an independent inquiry into the origin of the coronavirus outbreak. When …
President Donald Trump’s trade wars are hitting Harley-Davidson hard with a 22% bite in profits to $US426m after a 8.4% drop in international sales in the last quarter. The Milwaukee company now expects to ship about 212,000 to 217,000 bikes in 2019, compared with their original estimate of 217,000 to 222,000. Last year Harley opened …
Speculation of a boycott of Harley-Davidson over plans to shift some production overseas are blown out of proportion, yet it hasn’t stopped President Trump from tweeting about it or US media from lapping it up. Poor old Harley has become the whipping boy in the ongoing trade war negotiations and has battened down the hatches, …
Harley-Davidson will soon start building bikes in Thailand with lower prices “largely in our Asian market”, says company CFO John Olin. So does that mean lower prices for Harleys in Australia? On a company organisational level, Harley-Davidson Australia and New Zealand is part of the Asian market and has its regional headquarters in Singapore, so by …
A Berlin economic development agency has sent a letter to Harley-Davidson suggesting they open a factory there to build motorcycles for the European market. The iconic American manufacturer has not yet responded to the offer, but has expressed its intention to move some manufacturing to Europe to avoid 31% tariffs. The tariffs were hiked 25% …
Harley-Davidson and Indian Motorcycle might face higher taxes if they move production offshore in the escalating trade wars, President Trump has threatened. It seems Harley has become a political football for Trump who once lauded the company as an American icon and exemplary manufacturer. Taxes Tweet However, in an unprecedented threat, Trump has now Tweeted: …
President Trump has accused Harley-Davidson of “waiving the white flag” in his trade wars with Europe after the company announced it would move more production off shore to avoid high European tariffs. Without saying where they would move production, the obvious choice would be their current Indian and Thai factories. This could actually mean cheaper …
Price pressures are mounting for Harley-Davidson and Indian Motorcycle after President Donald Trump’s trade wars have badly backfired for the American motorcycle manufacturers. The companies are being hit by both higher prices for raw materials and retaliatory duties in Europe and some other countries. For the moment, only prices in Europe will increase an average …