Trump calls Harley-Davidson and warns companies about boycotting the US UU

President Donald Trump (pictured on Saturday) has once again called Harley-Davidson and warns other companies that boycott that moving abroad is a

President Donald Trump has once again called Harley-Davidson and warns other companies that boycott that moving abroad is a "bad move".

Trump used Harley-Davidson as an example on Sunday morning when he criticized companies that have threatened to take their businesses out of the US. UU

"Many owners of @harleydavidson plan to boycott the company if the manufacturing moves abroad. Great!" Trump tweeted.

President Donald Trump (in the photo on Saturday) has once again called Harley-Davidson and warns other companies that boycott that moving abroad is a "bad move"

Trump used Harley-Davidson as an example on Sunday morning when he criticized companies that have threatened to take their businesses out of the US. UU

Trump used Harley-Davidson as an example on Sunday morning when he criticized companies that have threatened to take their businesses out of the US. UU

Trump used Harley-Davidson as an example on Sunday morning when he criticized companies that have threatened to take their businesses out of the US. UU

"Many owners of @harleydavidson plan to boycott the company if the manufacturing moves abroad. Great!" Trump tweeted

"Most of the other companies come in our direction, including Harley's competitors – a really bad move! The United States will soon have a level playing field, or better," he added.

Harley-Davidson announced in June that it planned to change the manufacture of its iconic motorcycles abroad to avoid European tariffs in retaliation.

The European Union hit the US motorcycle giant with tariffs of 31 percent, compared to six percent, increasing the cost to EU consumers by around $ 2,200.

The EU pointed to US vehicles UU As part of his refutation of Trump's tariffs on imported aluminum and steel, one aspect of his multi-fronted trade war.

At the time, Harley-Davidson said the company "maintains a strong commitment to manufacturing based in the United States that is valued by motorists worldwide."

"Increasing international production to alleviate the EU's tariff burden is not the company's preference, but it represents the only sustainable option to make their motorcycles accessible to customers in the EU and maintain a viable business in Europe."

By not wanting to reduce sales in key EU markets, the company "will have the significant impact derived from these rates," which will add an estimated cost of between $ 30 and $ 45 million for the remainder of 2018 and $ 90 to $ 100 million annually.

It is expected that moving production to foreign factories will require nine to 18 months, so in the short term Harley-Davidson will absorb the costs of EU tariffs, the company said in a regulatory notice.

Trump praised Harley-Davidson as an "American icon, one of the greats" and expressed confidence that the company would expand US manufacturing under his administration.

Trump praised Harley-Davidson as an "American icon, one of the greats" and expressed confidence that the company would expand US manufacturing under his administration.

Trump praised Harley-Davidson as an "American icon, one of the greats" and expressed confidence that the company would expand US manufacturing under his administration.

But that state made Harley-Davidson (archive image) a target for EU retaliation, along with bourbon and blue jeans

But that state made Harley-Davidson (archive image) a target for EU retaliation, along with bourbon and blue jeans

But that state made Harley-Davidson (archive image) a target for EU retaliation, along with bourbon and blue jeans

Europe is the second largest Harley-Davidson market after the United States. The company reported $ 521.8 million in profits in 2017 with $ 5.6 billion in revenues.

Harley-Davidson executives were among the first to visit the White House in February 2017 shortly after Trump took office.

Trump praised Harley-Davidson as a "American icon, one of the greats" and expressed confidence that the company would expand US manufactures under his administration.

But that state made the company a target for retaliation by the EU, along with bourbon and blue jeans.

The products have "a strong symbolic political impact," said the vice president of the European Commission for trade, Jyrki Katainen.

"I am confident that the exchanges we have had with my new counterpart, Liu He, have been useful in paving the way towards a successful EU-China Summit in the economic and trade field," Katainen said in a press statement at the time.

"I am particularly pleased with the progress made in our investment negotiations and we look forward to an exchange of offers at the Summit."

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