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Harley-Davidson Hit With EU Tariff Ruling, Plans Appeal — 4th Update


Provided by
Dow Jones
By Alistair MacDonald and Colin Kellaher
Harley-Davidson Inc. has been hit with a European Union import ruling that the motorcycle maker says would impose an import tariff of 56% on its products and keep it from functioning competitively in Europe.
The Milwaukee-based company announced the ruling along with better-than-expected sales and profit for the first quarter, news of which lifted the stock to a new multiyear high.
Harley-Davidson has been one of the highest-profile U.S. casualties of recent trade disputes, after the EU put a 25% duty on its bikes and other U.S. goods in 2018. Those levies were a response to tariffs the Trump administration imposed on steel and aluminum from producers in Europe and elsewhere. ....

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Sperling for stimulus czar


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03/15/2021 08:00 AM EDT
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