Milwaukee's Harley-Davidson braces for tariff cost increases

Milwaukee's Harley-Davidson braces for tariff cost increases


MILWAUKEE (AP) — Milwaukee-based Harley-Davidson could see the price of its motorcycles rise as the result of trade tensions.

The Trump administration said Thursday it is imposing tariffs on steel and aluminum imported from Europe, Canada and Mexico. Canada and Mexico responded with tariffs of their own, and the European Union is expected to follow suit.

In a statement, Harley-Davidson said the company believes import tariffs on steel and aluminum “will drive up costs for all products made with these raw materials, regardless of their origin.”

Harley-Davidson says it is evaluating its options for managing anticipated cost increases. The company also says it believes a retaliatory tariff on Harley-Davidson motorcycles in any of its major markets would have “a significant impact” on sales in those markets.

Most Read Business Stories

Unlimited Digital Access. $1 for 4 weeks.

Harley-Davidson stock fell 2.2 percent to $41.08.

Let’s block ads! (Why?)



Source link

About Craig Ballantyne 14891 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.