[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Donald Trump is Finished

This is why Native Americans are marching on Washington

Eisenhower’s Nightmare on Steroids; graduated nuclear escalation v2.0

Trump to announce 3 year DACA+ amnesty today

Trump Backs 'Path To Citizenship' For H-1B Recipients: 'Rest Assured That Changes Are Soon Coming'

Television Networks Put Out 90 Percent Anti-Trump Spin in 2018

What We Own...

“NewsGuard” organization founded by globalists to censor independent media has ties to pro-Monsanto American Enterprise Institute propagandists

Driver attempts to destroy giant snowman, not realizing it’s built on a large tree trunk

Newly Elected Sheriff Arrested for Stealing Meth from Evidence Room—Second Day on Job

Chicago cop gets 81-month sentence in Laquan McDonald murder

The circular firing squad: Mueller targets turn on each other

Retired cop, arrested by Bloomfield PD, fatally shoots himself inside police headquarters

LAWSUIT CLAIMS SHEILA JACKSON LEE FIRED A STAFFER TO COVER UP A RAPE

18 U.S. Code § 1622 - Subornation of perjury

New York Bill Allowing Abortions Up to Birth Says a Person is Only “A Human Being Who Has Been Born”

Feds say ‘star’ DEA agent abroad stole millions

Black People Dismantle "White Privilege"

Liberals Threaten to Terrorize and Imprison Trump Supporters

William Barr’s ‘Deep State’ resume: Cover-ups, covert ops, and pardons

Innocent Marine Vet Falsely Arrested, Brutally Strip Searched in Horrific ‘Punishment’

Oklahoma Cops Jail Four Men for Transporting Legal Hemp

Watch a Florida Cop Botch a Drug Field Test on Video, Then Arrest an Innocent Man

Vigilante Anarchist Bus Driver, git 'er done

Racist Bitch Kamala Harris Tries to Bully Kirstjen Nielsen then Kirstjen Gets Fed Up And Fights Back!

Assad points to attempts to divide Church of Antioch in Syria, Lebanon

Trump Cancels Pelosi's Brussels Junket (Gov Shutdown, no jet)

Despite ban, N.H. lawmakers say they will continue to carry guns in the State House

Gun Owners of America Funds Challenge to National Firearms Act in U.S. Supreme Court

War Whores Scramble To Say Syria Attack Means Troops Must Remain

Volunteers Kicked Out of Nat’l Park for Cleaning It During Shutdown—Without a Permit

William Barr’s Connection to Ruby Ridge, Defending FBI Snipers

The 100th Anniversary of the Ratification of the Amendment That Led to Prohibition Is a Reminder of the Lasting Damage Bad Policy Can Do

Are You Suffering From Toxic Masculinity? Know The Warning Signs

Hillary Clinton ran weapons into Libya for the Obama administration, while Michael Flynn was targeted because he knew the details

Beto O’Rourke Suggests America Should Ditch the Constitution

Potential US presidential contender thinks YOUR money is in the “wrong hands”

POLICE lie to Uber Driver/Attorney

The Danger Within: Border Patrol Is Turning America Into a Constitution-Free Zone

Plants Are Growing on the Moon for the First Time (Chinese cotton plantation)

Laura Loomer Brings Illegal Immigrants To Nancy Pelosi's Home. Pelosi Has Police Remove Them

P&G’s Gillette ad asks men to shave their ‘toxic masculinity’ and a big backlash ensues

Chemtrails Exposed: The Deep State And The New Manhattan Project

Reality Beyond Belief

Oregon bill would cap magazines to 5 rds, ration ammo to 20 rds/month

Nobel Prize-Winning DNA Pioneer James Watson Stripped Of Titles For Insisting Race And IQ Are Linked

Trump’s shutdown trap?

Free Speech Is Dead in Canada: The Persecution of Christian Activist Bill Whatcott

The Unique Pleasures of Watching Alexa Deny Children What They Want

Police visit father after he joked on Facebook about feeding five-day-old baby hot sauce


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs
Source: Reason
URL Source: https://reason.com/blog/2018/06/25/ ... idson-will-shift-manufacturing
Published: Jan 25, 2018
Author: Eric Boehm
Post Date: 2018-06-25 12:43:00 by Deckard
Keywords: None
Views: 112
Comments: 4

It can do that because it's a global brand, but other businesses aren't as lucky. And workers everywhere stand to lose.

David Bro/ZUMA Press/Newscom

Harley-Davidson, the iconic American motorcycle brand, will shift some manufacturing overseas in response to the raising of trade barriers on both sides of the Atlantic.

In a filing made Monday with the Securities and Exchange Commission, Wisconsin-based Harley-Davidson disclosed plans to move some of its manufacturing facilities from the Rust Belt to the Old World in the hopes of avoiding higher costs created by new European Union tariffs that target American-made motorcycles, along with other cultural products like whiskey and blue jeans. Those 25 percent tariffs were imposed last week by E.U. officials in response to the Trump administration's decision to place tariffs on steel and aluminum imported from Europe.

The tariffs will increase the cost of a motorcycle exported from the U.S. to the E.U. by about $2,200 per bike, and would cost Harley-Davidson between $90 and $100 million per year, the company told the SEC.

Passing along that cost to consumers would have "an immediate and lasting detrimental impact" to Harley-Davidson's sales in Europe. Shifting manufacturing to the E.U. will allow the motorbike maker to avoid that hit—although it will take 9 to 18 months to ramp-up international plants, Harley-Davison says, and in the meantime the company is expecting to lose $30 million to $45 million during the transition.

It remains to be seen whether Harley-Davidson's decision to shift some manufacturing operations overseas will force layoffs at its American plants in Missouri, Pennsylvania, and Wisconsin. Still, it's worth noting that the company has scaled back its American production lines in recent years in favor of opening a new plant in India, where motorbikes are highly sought, to get around a massive import tariff imposed there. Harley-Davidson has plans to open another facility in Thailand for the same reason.

All of which should be taken as pretty solid evidence that raising barriers to trade will ultimately harm American workers. A business like Harley-Davidson gets hit at both ends, as American tariffs on steel and aluminum imports drive up the cost of raw materials used to build motorcycles and retaliatory EU tariffs make it more difficult to sell their products. To hear President Donald Trump explain it, tariffs should force foreign manufacturers to "build them here," but Harley-Davidson's announcement shows how a trade war will give American businesses a strong incentive to relocate elsewhere.

Of course, Harley-Davidson has the ability to relocate some of it's manufacturing overseas because it's a global brand that sold more than 40,000 motorcycles to European consumers last year. Other firms don't have that choice and won't generate front-page headlines about the pain caused by Trump's trade war.

Few people are talking about businesses like Mid Continent Nail Corporation in Poplar Bluff, Missouri, which announced last week that it would have to lay off 200 workers—about 40 percent of its workforce—before Labor Day due to increased steel prices created by Trump's tariffs. The 25 percent tariff on imported steel makes it impossible for the company to compete with cheaper nails produced in places like China, a company spokeswoman told MissouriNet.com.

The same is true for the 1,500 jobs at three Arkansas-based tire cord manufacturing plants. All three say they will be forced to close their plants unless they can get relief from the Trump administration's steel tariffs.

Those jobs won't be moving overseas. They'll just vanish.

Whether looking at motorcycles, nails, tires, or any of the other steel-consuming industries that employ more than 6.5 million Americans, the story is largely the same. Trump's trade war is hiking production costs and closing off potential export markets. Tariffs aren't saving steel towns, but they are causing serious pain for American manufacturers—the very set of industries that Trump supposedly is trying to help.

"Increasing international production to alleviate the E.U. tariff burden is not the company's preference," Harley-Davidson told the SEC in Monday's filing, "but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe." (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

It remains to be seen whether Harley-Davidson's decision to shift some manufacturing operations overseas will force layoffs at its American plants

That's OK. I'm sure those layoffs will be offset by European steel and aluminum manufacturers shifting their operations to the U.S. to avoid our tariffs.

misterwhite  posted on  2018-06-25   13:05:53 ET  Reply   Trace   Private Reply  


#2. To: Deckard (#0)

Screw Harleys, they had a brief period of time where they concentrated on American people with an American product. Now they build mediocre machines milking the legend.

THIS IS A TAG LINE...Exercising rights is only radical to two people, Tyrants and Slaves. Which are YOU? Our ignorance has driven us into slavery and we do not recognize it.

jeremiad  posted on  2018-06-25   17:10:35 ET  Reply   Trace   Private Reply  


#3. To: Deckard (#0)

All of which should be taken as pretty solid evidence that raising barriers to trade will ultimately harm American workers. A business like Harley-Davidson gets hit at both ends, as American tariffs on steel and aluminum imports drive up the cost of raw materials used to build motorcycles and retaliatory EU tariffs make it more difficult to sell their products. To hear President Donald Trump explain it, tariffs should force foreign manufacturers to "build them here," but Harley-Davidson's announcement shows how a trade war will give American businesses a strong incentive to relocate elsewhere.

Mid Continent Nail Corporation in Poplar Bluff, Missouri, which announced last week that it would have to lay off 200 workers—about 40 percent of its workforce—before Labor Day due to increased steel prices created by Trump's tariffs.

The same is true for the 1,500 jobs at three Arkansas-based tire cord manufacturing plants. All three say they will be forced to close their plants unless they can get relief from the Trump administration's steel tariffs.

Sadly, this will only be the beginning...

Nice job dipshit donnie......

Jameson  posted on  2018-06-26   11:46:56 ET  Reply   Trace   Private Reply  


#4. To: Deckard (#0)

You have to crack some eggs to make an omelet.

HD caved and will get what they deserve.

If you want fair trade it will take some realigning of companies. Remember big global socialist corporations have been screwing the middle class for many decades.

BTW people buy HD because they are HD's. You piss off the people that buy them you will not be able to give them away. Stand and fight for America first or die like you should.

Justified  posted on  2018-06-26   12:39:02 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com