Harley-Davidson Inc on Tuesday surged past expectations for first-quarter profit...
FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. REUTERS/Philippe Wojazer
President Donald Trump, who has criticized Harley for its plans to shift some U.S. production overseas, weighed in after the results to say European Union tariffs on the manufacturer were “unfair” and vowed to reciprocate, without giving details. Earlier this year, Harley said the retaliatory import duties imposed by the European Union on its bikes would cost the company between $100 million and $120 million in 2019.
It said U.S. retail motorcycle sales, or sales by dealers to customers, fell 4.2 percent in the first quarter ended March. 31. European sales were down 2.1 percent.
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