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‘So unfair to US’: Trump vows to hit back at EU as tariffs bite Harley-Davidson

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US President Donald Trump threatened retribution on Europe Tuesday over tariffs that have bruised profitability at iconic US motorcycle company Harley-Davidson.

Trump  quoted commentary from Fox Business Network anchor Ashley Webster, who pointed to the drag from European Union tariffs as a key factor in falling sales by the iconic US motorcycle maker.

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“So unfair to U.S.,” Trump said on Twitter. “We will reciprocate.”

The commentary was a pivot of sorts from the US president, in targeting Brussels rather than Wisconsin-based Harley.

He previously lashed out at the 116-year-old company after it announced plans last summer to shift some US manufacturing overseas as a way to circumvent the EU tariffs, which were imposed on key American goods in March 2018 in retaliation for Trump’s tariffs on steel and aluminum.

Trump’s latest threat comes as Washington and Brussels are close to the start of formal trade talks, now that the US leader has moved closer to settling a months-long fight with China.

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Harley-Davidson reported a $21 million hit from tariffs in the first quarter, which contributed to the 26.8 percent drop in profits to $127.9 million amid lower revenues.

In June, Harley-Davidson announced it was shifting some manufacturing capacity overseas as “the only sustainable option” following punitive import duties of 31 percent in the EU.

The motorcycle manufacturer in January 2018 announced it would close a Missouri factory and consolidate jobs into Pennsylvania at the same time it was building a new factory in Thailand.

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The Thailand operation is part of Harley’s “tariff mitigation” strategy aimed at the growing Southeast Asian market, the company said.

“We’re acting with agility and discipline to take full advantage of rapidly evolving global markets,” Chief Executive Matt Levatich said.

Harley also is focused on building up a new generation of riders to make up for declines in the older population that has been its bedrock.

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The company said it found 278,000 “new riders” in the US in 2018 and that “this group is the most diverse across age, ethnicity and gender in all the years Harley-Davidson has tracked this data.”

Shares of Harley-Davidson fell 2.1 percent prior to the open, but later recovered and was up 0.8 percent at midday.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Trump lies to the press about his massive tax increasing while departing to France for the G7 Summit

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President Donald Trump was caught repeating inaccurate claims when he spoke to reporters before boarding Marine One for his trip to France for the G7 Summit.

"I think our tariffs are very good for us. We're taking in tens of billions of dollars, China is paying for it," Trump argued.

In reality, China is not paying for the tariffs, which are paid by American importers and passed on to consumers, making the announcement a massive tax increase on Americans.

"Our tariffs are working out very well for us, people don't understand that yet," Trump argued.

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Bill Maher presents ’25 things you don’t know about Stephen Miller’ on Real Time

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The host of HBO's "Real Time" presented "25 things you don’t know about Stephen Miller" on Friday.

"In high school, I was voted 'Most Likely to Comb My Mummified Mother's Hair,'" was one item.

"I think tacos are stealing jobs from hamburgers," was another.

"I'm a Cancer. I don't know my astrological sign," was a third.

"The worst part about my car smelling like wet dogs, is that I don't own dogs," was a fourth.

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Bill Maher dances on David Koch’s grave: ‘I’m glad he’s dead and I hope the end was painful’

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HBO "Real Time" host Bill Maher celebrated the death of right-wing billionaire David Koch, who died of prostate cancer.

"I guess I'm going to have to reevaluate my low opinion of prostate cancer," Maher said.

"Condolences poured in from all the politicians he owned and mourners are being asked, in lieu of flowers, to just leave their car engine running," he said.

"I know these seem like harsh words and harsh jokes, and I'm sure I will be condemned for them on Fox News, which will portray Mr. Koch as a principled libertarian who believed in the free market," Maher said. "He and his brother have done more than anybody to fund climate science deniers -- for decades."

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