Harley Davidson the iconic American cruiser manufacturer is going through a tough time. US is the biggest market for Harley Davidson, but things are not going well in its Home market as sales are coming down, so the company decided to focus on overseas market for growth. The American manufacturer is getting good traction in European market with positive growth.
Because of Trump’s trade war, EU increased import duty on motorcycles, jeans and other things from 6 percent to 31 percent which is a huge hike for any manufacturer. This has come at a wrong time for Harley Davidson as they are planning to expand reach in Europe and the company will lose more than $45 million dollar with increased tax.
Also Read : Harley Davidson And Indian Motorcycle’s Sales To Face A Big Blow
He tweeted again saying that employers and customers are not happy with the decision of Harley Davidson and if they continue with their move then it will be the beginning of the end of the iconic bike manufacturer. Trump also said that Harley Davidson will not get any tax benefits in US if they shift production which will increase price.
Also Read : Harley Davidson To Enter Used Bike Business In India
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