The company said it would absorb a near-term financial hit of $30 million to $45 million in order to not raise prices in the European Union during the transition. It did not respond directly to Trump.
Asked if Trump still feels that tariffs are the best option, White House press secretary Sarah Huckabee Sanders told reporters Monday that "the European Union is attempting to punish USA workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and reciprocal trade in hopes that the EU will join is in that". But those trade partners feel insulted by Trump and have chose to retaliate. Harley must know that they won't be able to sell back into USA without paying a big tax!
The attacks came after Harley-Davidson announced that it would shift some production out of the USA due to Trump's trade battles.
Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing Overseas
It anticipates the cost for the rest of the year to be approximately $US30 million ($40 million) to $US45 million ($61 million). Harley-Davidson now has overseas manufacturing plants in Brazil, India and Australia and is building a plant in Thailand .
Mr Trump had earlier threatened to tax the Wisconsin-based manufacturer which said on Monday it planned to move some manufacturing overseas in response to European Union tariffs retaliating for USA duties.
Harley-Davidson announced in January it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania. "If they don't want to negotiate, then we'll do the tariffs", Trump told reporters at the White House". Hence, they were just using Tariffs/Trade War as an excuse.
Apart from India, the European Union, Canada, China and Turkey also chose to charge higher import duties on several products they import from the US.
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The factory in Thailand, which will open later this year, would let Harley-Davidson avoid the country's up to 60 percent tariffs on imported motorcycles and help it get tax breaks while exporting to neighboring countries, according to the company.
Trump first responded angrily to the Harley announcement on Monday, saying he has supported the 115-year-old manufacturer and was surprised by its plans, which he described as waving the "White Flag". Companies are now coming back to America. "Harley must know that they won't be able to sell back into USA without paying a big tax!"
Trump added that the administration is finishing a study on imposing tariffs on cars from the EU. Their employees and customers are already very angry at them. If they move, watch it, it will be the beginning of the end.
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House Speaker Paul Ryan, whose district is home to some of Harley-Davidson's facilities, also pointed to the company as an American firm that would be a victor from tax reform. "I understand that the President is a tough negotiator, but I urge him to consider a more targeted approach that protects American workers and businesses".