As President Donald Trump‘s worldwide commerce conflict rages on, Harley Davidson is making an attempt to mitigate the harm of retaliatory tariffs the EU positioned on U.S. bikes which can be costing the corporate about $100 million a yr CEO Matt Levatich stated Monday.
“Europe is the massive difficulty for the corporate, a few $100 million a yr run price that we’re overlaying in an effort to defend our enterprise in Europe, defend our market share, defend our quantity, defend the viability of our distribution channel,” Levatich stated on CNBC’s “Squawk Alley. “
“Clearly we won’t sit by and look ahead to one thing to occur, we’ve to behave to make it occur,” he added.
Harley was thrown into the highlight of Trump’s commerce conflict final June after the corporate introduced it might transfer manufacturing of its European merchandise out of the U.S. due to the retaliatory tariffs. The corporate did not transfer jobs abroad, as an alternative Harley stated it solely moved manufacturing of EU bikes to its plant in Thailand, so U.S. jobs weren’t…