Harley-Davidson Reports $150 million Tariff loss

Swept up in President Donald Trump’s trade war, Harley-Davidson said Tuesday it faces up to $100 million in European Union tariff costs in 2019.

That’s in addition to about $50 million this year as the company calculates the damages from recently imposed tariffs.

The European Union imposed the levies in retaliation to Trump’s tariffs on imported steel and aluminum. The company said recently that it would shift some production out of the U.S. to avoid the tariffs, a prospect that drew a concerned tweet from Trump.

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