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Harley-Davidson is down more than 2% Thursday as speculation mounts the European Union will retaliate to the US’s steel and aluminum tariffs.
The motorcycles were previously listed by the EU among the goods that could be hit with retaliatory tariffs.
The motorcycle manufacturer could be hit from both sides of the trade spat as it is already seeing increased production costs as a result of rising steel prices.
Watch Harley-Davidson trade in real time here.
Harley-Davidson is down more than 2% Thursday as speculation mounts the European Union will retaliate to the US’s steel and aluminum tariffs.
President Donald Trump will impose tariffs of 25% on imported steel and 10% on imported aluminum beginning on Friday. That has raised the concern Harley-Davidson motorcycles, which were previously listed by the EU among the goods that could be hit with retaliatory tariffs, could be taxed. Europe accounted for 19% of Harley-Davidson’s sales in the first-quarter of 2018, according to its earnings release.See the rest of the story at Business Insider
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