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Detailed text transcripts for TV channel - MSNBC - 20180625:14:35:00

Tariffs could cost american jobs. here s how. harley davidson has been smacked by these tariffs in the european union as part of a $3.4 billion retaliation against the trump tariffs on european steel and aluminum. europe is a big market for the iconic hogs, it s second only to the united states. it sold nearly 40,000 motorcycles there last year. but it s facing some really stiff competition from european and japanese motorcycle makers which aren t subject to this new tariff. in an sec filing they say the tariffs jumped from 6% to 31% and will increase in an incremental cost of $2,200 per bike. and the company says, nope, it s not going to raise its prices to avoid what it calls abimmediate and lasting detrimental impact on sales. in the short time harley s going to absorb the cost, $45 million, but then shift some of the manufacturing overseas. it says it s the only option to ....

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