About 16% of Harley’s sales are to Europe, and the company has warned that in addition to the effects of metal import tariffs in driving up manufacturing costs, “a punitive, retaliatory tariff on Harley-Davidson motorcycles in any market would have a significant impact on our sales, our dealers, their suppliers and our customers”.
President Trump has announced a 25% tariff on imported steel, sending shock waves through markets.
The move could spark a trade war with major implications for steelmakers and the economy.
Here’s a look at the numbers behind the global steel industry:
Donald Trump has escalated the threat of a trade war with Europe, warning that the US will slap a tax on cars made on the continent if the European Union (EU) retaliates against tariffs on imports of steel and aluminum.