{"id":252342,"date":"2021-05-17T23:11:52","date_gmt":"2021-05-17T20:11:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/harley-davidson-roars-to-high-after-eu-drops-50-percent-tariff-plan\/"},"modified":"2021-05-17T23:11:52","modified_gmt":"2021-05-17T20:11:52","slug":"harley-davidson-roars-to-high-after-eu-drops-50-percent-tariff-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/harley-davidson-roars-to-high-after-eu-drops-50-percent-tariff-plan\/","title":{"rendered":"#Harley-Davidson roars to high after EU drops 50 percent tariff plan"},"content":{"rendered":"

“#Harley-Davidson roars to high after EU drops 50 percent tariff plan<\/strong>”<\/p>\n

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Harley-Davidson shares soared to their highest level in over three years on Monday after the European Union decided to suspend a planned increase in retaliatory tariffs on the company\u2019s motorcycles as part of a partial trade truce with the United States.<\/p>\n

The EU had threatened to double the tariffs on Harley motorcycles, American-made whiskey and powerboats to 50 percent on June 1 in retaliation for steel and aluminum tariffs imposed by former President Trump.<\/p>\n

The European Commission, which oversees EU trade policy, said on Monday it would suspend the planned hike of retaliatory tariffs for up to six months.<\/p>\n

Harley\u2019s shares gained 8.5 percent on Monday to $51.73, their highest level since January <\/p>\n

2018. By 3:30 p.m., the stock had receded slightly from the peak, to $51.65.<\/p>\n

While the company welcomed the truce, it plans to continue legal challenges to an EU ruling that revoked a concession allowing it to ship bikes from facilities outside the US at a tariff rate of 6 percent.<\/p>\n

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\"\"
An attendee tries out an adventure touring Pan America at the Harley-Davidson stand during a show in Thailand \u2014 where Harley manufactures some of its vehicles.<\/figcaption>
Anadolu Agency via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

\u201cThis is the first step in the right direction in a dispute not of our making,\u201d said Chief Executive Jochen Zeitz. \u201cHarley-Davidson employees, dealers, stakeholders and motorcycles have no place in this trade war.\u201d<\/p>\n

Harley\u2019s bikes are now subjected to a 25 percent retaliatory tariff, increasing the overall duty on its bikes shipped to the European Union to 31 percent.<\/p>\n

The Milwaukee-based company is betting heavily on Europe, its second-largest market after the US to help fuel its turnaround strategy. But higher tariffs would give its rivals including Triumph, Honda and Suzuki a massive pricing advantage.<\/p>\n

The 118-year-old American brand had tried to escape the punitive measure by shifting the production of motorcycles for European markets to Thailand from the US \u2013 a move that prompted Trump to back a boycott of the motorcycle manufacturer.<\/p>\n

However, the EU last month ruled that its bikes produced in Thailand would be treated as US-made.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Harley-Davidson roars to high after EU drops 50 percent tariff plan” Harley-Davidson shares soared to their highest level in over three years on Monday after the European Union decided to suspend a planned increase in retaliatory tariffs on the company\u2019s motorcycles as part of a partial trade truce with the United States. The EU had…<\/p>\n","protected":false},"author":1,"featured_media":252343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/gettyimages-1232407396-594x594-1.jpg?quality=90&strip=all&w=594","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[106079,72705,71725,93342],"class_list":["post-252342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-17-21","tag-european-union","tag-motorcycles","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=252342"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/252343"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=252342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=252342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=252342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}