Image Source (Chicago Tribune)
Earlier this year, President Donald Trump announced 25 percent tariffs on imported steel and aluminum from Europe and Asia. In response, the EU has levied additional import taxes on American products, including motorcycles, orange juice, bourbon, peanut butter, motorboats, cigarettes, and denim.
These new tariffs would hit Harley Davidson particularly hard – the EU is raising tariffs on American motorcycles from six percent to 31 percent.
Read about it on Second Nexus: Harley Davidson to Shift Production of Motorcycles Overseas in Response to EU Tariffs
Watch about it on TYT: