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Ryan Warns of 'Escalating Taxes' with Tariffs as Trump Hits at Harley-Davidson
 [PJ] WASHINGTON -- House Speaker Paul Ryan (R-Wis.) said those pushing tariffs have to be mindful of the consequence of escalating taxes as President Trump threatened that Harley-Davidson would be "taxed like never before" for moving some operations overseas.The company said the move is necessary because of the $3.4 billion tariffs the EU began levying Friday in retaliation for Trump's 25 percent steel and 10 percent aluminum tariffs. Nearly 40,000 Harleys were sold in the EU last year; the new tariffs on motorcycles jumped as high as 31 percent. "Harley-Davidson maintains a strong commitment to U.S.-based manufacturing which is valued by riders globally," the company said Monday. "Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe. Europe is a critical market for Harley-Davidson." Posted by: Besoeker 2018-06-28 |
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