Business

Harley-Davidson will not raise prices to cover tariff costs

Harley-Davidson will not raise prices to cover tariff costs

Harley-Davidson said Monday it will move production of its motorcycles headed for European Union customers outside the United States to avoid a new tariff . Initial reaction from prominent Republicans on Capitol Hill highlighted unease with the president's tactics. The company, which is headquartered in Speaker Paul Ryan's congressional district, is moving some production to Europe to avoid the tariffs .


Hamas, PA among first to congratulate Turkey’s Erdogan

Hamas, PA among first to congratulate Turkey’s Erdogan

Voter turnout was high, with 86% of the 56 million eligible voters heading to the polls on Sunday. Mr Ince, from the Republican People's Party (CHP), said the election was unfair from its declaration to the announcement of the results .


Harley-Davidson to take big hit from European Union tariffs

Harley-Davidson to take big hit from European Union tariffs

After the European Union hit motorcycle imports from the US with a 31 percent tariff, Harley-Davidson decided that its best move was to move production outside of the U.S.to avoid the tariff altogether. It also has manufacturing operations in Australia, Brazil, India and Thailand. "Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business", the company said.



United States trade policy drives Harley Davidson to create European Union jobs

The total financial hit to the company will be in the range of $90 to $100 million per year, but the company said it would not pass those costs onto consumers in the form of higher prices. For that reason, Harley said it would absorb the additional costs. Europe is its second-largest market after the U.S. The company reported $5.65 billion in revenues past year and Europe is its largest overseas market, with nearly 40,000 customers buying motorcycles there in 2017.


Brexit: PM urged to speed up no-deal Brexit plans

Brexit: PM urged to speed up no-deal Brexit plans

We've got this flawless intersection of GDPR and Brexit colliding and that will force the issue sooner rather than later, ' he said. "It is something genuine that we can demand, and something that politicians can deliver as well". "The younger people in this country, many of whom will be out there marching today , are going to have to live with these decisions", he said. The prime minister should also reserve the right to "take with it the £39bn it has offered to pay as part of a divorce ...


Bank of England votes 6-3 to hold interest rates

Bank of England votes 6-3 to hold interest rates

No economists polled by Reuters expect the BoE to raise rates when it announces its June policy decision at 1100 GMT, and markets are split over whether the BoE's next rate rise - which would be just its second since the financial crisis - will come at its next meeting in August, or only later in 2018.