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The Associated Press
Posted 10:29 AM on June 30, 2018
Amidst a quarrel with Harley Davidson, an iconic American company, President Trump has put forth his economic policy for a $ 10 billion industrial complex that could create thousands of dollars. 39; employment. (June 28)
AP
SPIRIT LAKE, Iowa – A Minnesota-based company said Friday that it plans to move the production of certain motorcycles out of the country. country because of European tariffs, a few days after Harley-Davidson announced a similar move
A spokesman for Polaris Industries acknowledged that the company could move some of its production of Northwestern Indian Motorcycles 39, Iowa to Poland. "Nothing is final," said Polaris spokesperson Jess Rogers. range of mitigation plans. "
Harley-Davidson announced Monday that it was moving the production of motorbikes s President Donald Trump had used the iconic American motorcycle manufacturer as an example of a US firm wronged by trade barriers in other countries before imposing high tariffs on steel and aluminum in Europe The European Union has reacted with measures that have focused on products manufactured in the United States for 3.25 billion dollars (2.79 billion euros), including on motorcycles manufactured in the United States, automobile tariffs would harm the United States, to the US world economy
To find out more: Trump's battle with Harley-Davidson on foreign tariffs tests the loyalty of motorcyclists
] More: Harley-Davidson: Reagan used tariffs, no tweets, for pr to Compete the Society of Competition
For More: Harley-Davidson Motorcycles Are American Classics Harley-Davidson said the new rates would add about $ 2,200 per average motorcycle exported from the United States to the EU.
Since his announced move, Harley-Davidson has endured harsh criticism from the president, who said in a tweet that any change in production by com pany "will be the beginning of the end". He added, "Aura will be gone and they will be taxed like never before!"
This criticism is undoubtedly in the minds of Polaris executives looking for ways to mitigate the effects of tariffs.
According to April's first quarter forecast, Polaris projected additional costs in the range of $ 15 million in 2018. Rogers stated that the latest rates would further increase costs, which would not Estimate the amount
. "
Polaris employs approximately 650 people in its plant from Iowa to Spirit Lake
Milwaukee-based company accuses European retaliation of transferring part of their production overseas .
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