From the AP
Harley-Davidson, up against spiraling costs from tariffs, will begin shifting the production of motorcycles headed for Europe from the U.S. to factories overseas.
The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice. The E.U. tariffs on $3.4 billion worth of U.S. products are retaliation for duties the Trump administration is imposing on European steel and aluminum.
The maker of the iconic American motorcycle said in a regulatory filing Monday that E.U. tariffs on its motorcycles exported from the U.S. jumped between 6 percent and 31 percent. The company said it expects the tariffs will result in an incremental cost of about $2,200 per average motorcycle exported from the U.S. to the E.U.