How will Tariffs Effect Harley Davidson
U.S. consumers and iconic American brands like Harley-Davidson Inc. could soon be hurt by 25% tariffs President Donald Trump has imposed on imported metals.Trump’s latest tariffs on aluminum and steel took effect Wednesday in what’s shaping up to be a widening trade war with the European Union, Canada and China.Tariffs, essentially a tax on imported goods, raise prices for consumers on a wide range of products, from appliances and automobiles to canned beverages and sporting goods.Milwaukee-based Harley-Davidson is at risk of getting caught in a trade war between the United States and the European Union as the EU says it’s considering new tariffs on U.S.-made motorcycles and other American products in response to Trump's steel and aluminum tariffs.Harley could not immediately be reached for comment, but in February the company said it would “fight aggressively” any new tariffs that other countries impose on U.S.-made bikes and would call for reciprocal tariffs on its foreign competitors