President Donald Trump said today his administration is talking with other motorcycle companies about moving to the US after Harley Davidson decided to shift some operations overseas in the wake of retaliatory EU tariffs against American duties.
Harley-Davidson said on June 25 that tariffs implemented by the EU would increase the average cost per motorcycle by about USD 2,200 and the company will shift some production overseas as a result. The European Union imposed the tariffs in retaliation against the Trump administration's duties on steel and aluminum imports, which were an effort by Trump to protect US jobs.
"Now that Harley-Davidson is moving part of its operation out of the US, my Administration is working with other Motor Cycle companies who want to move into the US," Trump said in a tweet.
"Harley customers are not happy with their move - sales are down seven per cent in 2017. The US is where the action is!" said the US President.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)