NewsFeeder
07-24-2018, 12:00 PM
As Harley looks abroad to juice sales, tariffs hit home
Harley-Davidson expects new tariffs to increase the company's annual costs by as much as $100 million as long as the trade dispute between the U.S. and other countries goes on. Executives with the Milwaukee company spoke with investors Tuesday for the first time since announcing last month that production of motorcycles sold in Europe would move overseas in order to avoid retaliatory tariffs the EU is imposing on American exports. With sales stagnant at home, Harley-Davidson has looked increasingly overseas for buyers of its iconic motorcycles.
https://finance.yahoo.com/news/harley-davidson-2q-earnings-snapshot-102147437.html?.tsrc=rss
Harley-Davidson expects new tariffs to increase the company's annual costs by as much as $100 million as long as the trade dispute between the U.S. and other countries goes on. Executives with the Milwaukee company spoke with investors Tuesday for the first time since announcing last month that production of motorcycles sold in Europe would move overseas in order to avoid retaliatory tariffs the EU is imposing on American exports. With sales stagnant at home, Harley-Davidson has looked increasingly overseas for buyers of its iconic motorcycles.
https://finance.yahoo.com/news/harley-davidson-2q-earnings-snapshot-102147437.html?.tsrc=rss