Harley Davidson Trade War Surrender Monkey
President Trump thinks Harley-Davidson is a traitorous Trade War surrender monkey. It wasn’t always that way. That is until the E.U. slapped a 31% tariff on the company in response toTrump’s 25% tariffs on E.U. steel and aluminum.
Trump had considered Harley to be part of his base. But he left the motor cycle maker in a tough spot. His tariffs coupled the E.U. hit could add $2,200 to the price of each bike.
Harley’s customer base consists of American Baby Boomers. And they’re getting too old and fat to ride the Hogs. So the company looked abroad, building plants in Brazil, India and Thailand. And it plans a new plant in the E.U. which would dodge the tariff.
Trade War Surrender Monkey
That didn’t sit well with Trump. He tweeted that Harley raised the “white flag” and he threatened to tax them like “never before.”
Whatever that means.