WASHINGTON: US President Donald Trump has requested Harley Davidson bike company to stay "100 per cent" in America, caution that "we won't forget" if it went ahead with its plan to shift some of its production base offshore in accordance with European Union's retaliatory price lists for US tasks.
On Monday, Harley-Davidson in its US Securities and Exchange Commission (SEC) submitting had mentioned that the brand new retaliatory price lists by means of the European Union (an increase from six in line with cent to 31 in line with cent) will result in an incremental value of approximately US $ 2,200 on an average bike exported from the US to the 28-member buying and selling bloc.
"Harley-Davidson should stay 100 per cent in America, with the people that got you your success," Trump tweeted.
The Wisconsin-based manufacturer of iconic motorcycles has mentioned it deliberate to move some production out of the country in accordance with European Union price lists retaliating for US tasks.
"I've done so much for you, and then this. Other companies are coming back where they belong! We won't forget, and neither will your customers or your now very HAPPY competitors!" Trump mentioned the day past, in an apparent reference to his effort to lend a hand the firm cut back its export tasks in India from 100 to 50 in line with cent.
"To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for EU destinations from the US to its international facilities to avoid the tariff burden," mentioned the company, without indicating the rustic it plans to move its manufacturing amenities to.
It mentioned that transferring targeted manufacturing from the US to global amenities may just take no less than nine to 18 months to be absolutely completed.
Soon thereafter Trump, who had batted for Harley-Davidson's case in opposition to India over its high price lists at the iconic motorcycles, had criticised the company for its plan to shift some of its manufacturing units in another country.
Trump the day past mentioned he was stunned by means of the sort of determination by means of the bike manufacturer.
He also cited his talks with Prime Minister Narendra Modi to get India to cut back the tariff at the bikes from 100 in line with cent to 50.
"Harley-Davidson said, they wanted to do that (move some manufacturing base overseas). They announced it earlier this year. Harley-Davidson is using that (tariff on steel and aluminum) as an excuse. I don't like that, because I've been very good with Harley-Davidson," Trump mentioned.
"I was the one that explained to Harley about 100 per cent tax in India... and I got it down to a much lower number... which is, I think, 50 per cent, which is far too much, but they were paying 100 per cent. Prime Minister Modi brought it down, but it's still way too much," Trump mentioned to a query.
Outside the US, Harley-Davidson has production amenities in India, Brazil and Australia.
On Monday, Harley-Davidson in its US Securities and Exchange Commission (SEC) submitting had mentioned that the brand new retaliatory price lists by means of the European Union (an increase from six in line with cent to 31 in line with cent) will result in an incremental value of approximately US $ 2,200 on an average bike exported from the US to the 28-member buying and selling bloc.
"Harley-Davidson should stay 100 per cent in America, with the people that got you your success," Trump tweeted.
The Wisconsin-based manufacturer of iconic motorcycles has mentioned it deliberate to move some production out of the country in accordance with European Union price lists retaliating for US tasks.
"I've done so much for you, and then this. Other companies are coming back where they belong! We won't forget, and neither will your customers or your now very HAPPY competitors!" Trump mentioned the day past, in an apparent reference to his effort to lend a hand the firm cut back its export tasks in India from 100 to 50 in line with cent.
"To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for EU destinations from the US to its international facilities to avoid the tariff burden," mentioned the company, without indicating the rustic it plans to move its manufacturing amenities to.
It mentioned that transferring targeted manufacturing from the US to global amenities may just take no less than nine to 18 months to be absolutely completed.
Soon thereafter Trump, who had batted for Harley-Davidson's case in opposition to India over its high price lists at the iconic motorcycles, had criticised the company for its plan to shift some of its manufacturing units in another country.
Trump the day past mentioned he was stunned by means of the sort of determination by means of the bike manufacturer.
He also cited his talks with Prime Minister Narendra Modi to get India to cut back the tariff at the bikes from 100 in line with cent to 50.
"Harley-Davidson said, they wanted to do that (move some manufacturing base overseas). They announced it earlier this year. Harley-Davidson is using that (tariff on steel and aluminum) as an excuse. I don't like that, because I've been very good with Harley-Davidson," Trump mentioned.
"I was the one that explained to Harley about 100 per cent tax in India... and I got it down to a much lower number... which is, I think, 50 per cent, which is far too much, but they were paying 100 per cent. Prime Minister Modi brought it down, but it's still way too much," Trump mentioned to a query.
Outside the US, Harley-Davidson has production amenities in India, Brazil and Australia.
'Stay 100% in US, we won't forget': Trump warns Harley
!['Stay 100% in US, we won't forget': Trump warns Harley]()
Reviewed by Kailash
on
June 29, 2018
Rating:
