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Harley, stung by tariffs, shifts some production overseas

2018-06-25 17:38

Image: iStock

Harley-Davidson, facing rising costs from new tariffs, will begin shifting the production of motorcycles heading for Europe from the United States to factories overseas.

The famed motorcycle maker said in a regulatory filing on Monday that European Union tariffs on its motorcycles exported from the US jumped from 6 percent to 31 percent.

No price hike planned

Harley-Davidson Inc. said that it will not raise its prices due to "an immediate and lasting detrimental impact to its business in the region."

Read more on:    harley-davidson  |  tariffs

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