Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Let them eat pain Trump voters need to feel the effects of the trade war they begged for

President Donald Trump's tirade against motorcycle manufacturer Harley-Davidson represents a rather stunning reversal of his previous praise for the company.

Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. "Other companies are coming back where they belong!"

One day after the Wisconsin-based company said it was planning to shift some manufacturing overseas due to the European Union's tariffs in retaliation for United States duties, Trump accused Harley-Davidson of appropriating the trade war as an "excuse" for the move.

Standard & Poor's has placed motorcycle maker Harley Davidson's debt on credit watch due to cost increases from a USA trade dispute with the European Union. Its last quarter sales fell by 12 percent in the US but grew by about 7 percent in multiple continents, including Europe.

While it will take some time to shift production overseas, the BBC reports Harley-Davidson won't pass the increased costs onto consumers as it doesn't want to jeopardize sales.

"Harley-Davidson should stay 100% in America, with the people that got you your success", Mr Trump said in the tweet on Wednesday.

Prince William kicks off busy day in Israel at Holocaust memorial
CNN reports that William is also expected to visit Jerusalem's Old City, the Mount of Olives and the Church of St. Prince William plans to visit her gravesite later in the week as part of his tour of Jerusalem landmarks.

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.

Since announcing this week that it would relocate some of its production to mitigate the impact of retaliatory European tariffs, Harley-Davidson's chief executive has been the subject of an online smear campaign.

In January, Harley-Davidson said it would close a plant in Kansas City, Missouri, due to a sharp drop in US demand for its motorcycles, but said it would consolidate work done there into its plant in York, Pennsylvania.

According to Harley-Davidson, the move "is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe". Trump then threatened the company "will be taxed like never before" if they follow through with the move.

On March 9, Trump had imposed heavy tariffs on imported steel and aluminium items, leading to fears of a global trade war. If they move, watch it, it will be the beginning of the end. "And it was like they couldn't leave the room fast enough", he said recollecting his conversation with G-7 leaders in Canada recently. "Now they are trying to use the tariffs to excuse and deflect from that decision". Their employees and customers are already very angry at them. "Taxes just a Harley excuse - be patient!"

Related news:

Hot News

isis-killer-beheading-video-story-top Woman Dubbed ‘Permit Patty’ Calls Police On Young Girl Selling Water
Jun 28, 2018 - 11:01
However, the viral video was enough to convince one company to stop doing business with Ettel who sold cannabis products for dogs. All the Moms reached out to the San Francisco police but did not immediately hear back.

isis-killer-beheading-video-story-top Kawhi Leonard Trade Would ‘Clinch’ LeBron James To Lakers
Jun 28, 2018 - 08:13
Excluding Lonzo Ball, San Antonio is potentially seeking the entire young core and future first round draft picks. The report said the Spurs could also possibly get a bad contract off their books by agreeing to trade Leonard.

isis-killer-beheading-video-story-top Lyon Want Nabil Fekir Contract Extension Amid Liverpool Transfer Rumours
Jun 26, 2018 - 19:22
Liverpool are, therefore, keeping their options open in the transfer market, with Asensio certainly a viable target for them. However, the deal could get materialized after the conclusion of World Cup .

isis-killer-beheading-video-story-top New Zealand PM names daughter Neve, leaves hospital
Jun 26, 2018 - 19:00
She answered a few questions from reporters while holding her baby at Auckland City Hospital before she planned on returning home. Ardern gave birth in Auckland Hospital, the country's largest public hospital, with Gayford at her side.

isis-killer-beheading-video-story-top Mexico hold off South Korea to pile pressure on Germany
Jun 26, 2018 - 18:35
He told Fifa.com: "What's the point of us winning [against Germany] if we then go and lose to Sweden or Korea Republic? ". A 2-1 success over Group F rivals South Korea in Rostov all-but sealed safe passage into the knockout stages for Mexico .

isis-killer-beheading-video-story-top Lionel Messi's Argentina have shot at World Cup redemption
Jun 26, 2018 - 16:59
Diego Maradona has requested a meeting with the Argentina team ahead of their final Group D game against Nigeria on Tuesday. There is no better opportunity than now for Argentina's players to step up and maybe create a legacy of their own.

isis-killer-beheading-video-story-top Trump denies he's to blame for Harley-Davidson decision
Jun 26, 2018 - 16:16
For the US, Harley-Davidson production isn't changing: the motorcycles sold in the country will still be made here. Shares in Harley-Davidson were down by 4.1 percent to $42.38 (£31.92) shortly after the market opened.

isis-killer-beheading-video-story-top Mike Pompeo says won’t put timeline on North Korea denuclearization steps
Jun 26, 2018 - 16:09
In a statement, a U.D. official said the timeline will clarify what the implementation of the summit agreement should look like. North Korea and South Korea have also agreed to resume the reunions of war-torn families in mid-August.

isis-killer-beheading-video-story-top Travis Scott Performs Medley Of Hits At NBA Awards Show
Jun 26, 2018 - 14:43
Moses Malone won it twice as a Rocket in 1979 and 1982, and Hakeem Olajuwon took victory in 1994. The Rockets had another victor in Daryl Morey, who was honored as Executive of the Year.

isis-killer-beheading-video-story-top Zsa Zsa The English Bulldog Names World’s Ugliest Dog
Jun 25, 2018 - 04:05
As with any competition rating animals by their looks, there's a lot of controversy surrounding Zsa Zsa's win. Sometimes they look like Zsa Zsa , the English bulldog who was crowned this year's World's Ugliest Dog.

isis-killer-beheading-video-story-top Saudi Arabia recovered pride despite defeat to Uruguay: Pizzi
Jun 25, 2018 - 01:43
Uruguay joins Russian Federation as the only teams to qualify for the knockout stage ahead of schedule. He fell back to defend and raced forward alongside Edinson Cavani on the counterattack.

isis-killer-beheading-video-story-top Captain Kane delivers for England on big stage
Jun 25, 2018 - 00:15
Panama might have been 6-0 down when they scored against England but that did not stop the fans present from celebrating wildly. England had spells of sloppy defending that could be punished by stronger teams, like Belgium .

isis-killer-beheading-video-story-top Erdogan, ruling AK Party take early lead in Turkish elections
Jun 24, 2018 - 23:24
A united and resurgent opposition has threatened Erdogan's dominance and is aiming to at least force a run-off vote on July 8. Muharrem Ince, the main opposition's presidential candidate, stood at 29.4 percent nationwide, television channels said.

isis-killer-beheading-video-story-top Fallen Kingdom Tracking Well Behind The Original
Jun 23, 2018 - 13:39
Check out the above video to see how some of your favorite Bravo stars are getting ready for the new film. It'll likely be knocked into the #2 position by Fallen Kingdom , but it's gonna put up a solid fight.

isis-killer-beheading-video-story-top Argentina and Saudi Arabia to join MSCI emerging markets index
Jun 23, 2018 - 13:32
MSCI's benchmarks are widely used, with some $14 trillion in investors' assets tracked against them. FTSE Russell upgraded the country to emerging markets status in March.