Harley-Davidson intends to withdraw part of the production from the US and not to raise prices due to EU duties

The American motorcycle manufacturer Harley-Davidson will not raise wholesale and recommended retail prices to compensate for duties imposed by the EU in response to US actions in the steel and aluminum markets. The company will be forced to move a part of the production of products destined for European countries outside the US. For the EU market, import duties on Harley-Davidson motorcycles will increase from 6% to 31%. The company expects that the damage from such an increase for the remainder of 2018 will be from 30 million to 45 million dollars. To move even a small part of the production outside the US, the company will need from 9 to 18 months and substantial investment.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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