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The American motorcycle manufacturer Harley-Davidson (19459004) warns that the company's profit margin for the entire year could be worse than they previously thought. That's because the company was in the midst of the commercial war shootout between the United States and the European Union, writes the Financial Times.
The profit margin is now estimated at about 9 and 10%. This is a decrease of about 0.5 percentage point compared to the previous forecast, which was already low due to changes in production facilities.
Harley-Davidson is on the list of US goods subject to import duties to the EU, which the EU has expressed in retaliation for the imposition by the United States of United States tariffs on steel and aluminum from Europe.
Davidson has already stated that he planned to move production abroad because of the rights. This prompted Donald Trump to attack the company on his Twitter, where he meant that the company had planned to move in any case.
At the end of June Harley-Davidson said the price of a motorcycle would increase by $ 2,200, which would equate to more than 19,000, because of the rates.
On Wednesday, European Commission President Jean-Claude Juncker will travel to Washington to try to merge peace with the US president.
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