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Harley-Davidson's shares hit 3-year high on EU-US trade truce

Harley-Davidson s shares hit 3-year high on EU-US trade truce
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. Updated: 17 May 2021, 09:39 PM IST Reuters
Harley s shares gained as much as 6.7% on Monday to $50.96, their highest level since January 2018. They were last trading up 6% at $50.62
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Harley-Davidson Inc s shares soared to their highest level in over three years after the European Union decided to suspend a planned increase in retaliatory tariffs on its motorcycles as part of a partial trade truce with the United States.
The EU had threatened to double the tariffs on Harley s motorcycles, American-made whiskey and power boats to 50% on June 1 in retaliation for steel and aluminum tariffs imposed by former President Donald Trump. ....

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Harley-Davidson, Inc.: Harley-Davidson Statement on E.U. Tariffs

Harley-Davidson, Inc.: Harley-Davidson Statement on E.U. Tariffs
MILWAUKEE, May 17, 2021 /PRNewswire/
Responding to today s announcement by E.U. Executive Vice-President, Valdis Dombrovskis, Harley-Davidson, Inc. ( Harley-Davidson ) (NYSE: HOG) reaffirms its commitment to defend its position in Europe. The company will continue to pursue its legal challenge to the Binding Origin Information (BOI) revocation, and its application for extended reliance.
Harley-Davidson remains committed to free and fair trade and is focused on remaining globally competitive in the interests of all its stakeholders, and is committed to ensuring its customers around the world have access to its products.
Jochen Zeitz, chairman, president and CEO of Harley-Davidson: ....

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Harley-Davidson Reaffirms Commitment To Defend Its Position On E.U. Tariffs

Harley-Davidson Reaffirms Commitment To Defend Its Position On E.U. Tariffs
WASHINGTON (dpa-AFX) - Responding to the European Union Tariffs, Harley-Davidson Inc. (HOG) reaffirmed its commitment to defend its position in Europe. The company will continue to pursue its legal challenge to the Binding Origin Information revocation, and its application for extended reliance.
The company said it remains committed to free and fair trade and is focused on remaining globally competitive in the interests of all its stakeholders, and is committed to ensuring its customers around the world have access to its products.
Harley-Davidson said that tariffs affecting its products will not escalate from 31% to 56%. Its employees, dealers, stakeholders and motorcycles have no place in this trade war. The tariffs provide other motorcycle manufacturers with an unfair competitive advantage in the E.U. European motorcycles only pay up to 2.4% to be imported into the U.S. The company wants fre ....

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Weekly Bytes | YouTube's $100 million fund for creators, Harley-Davidson's electric motorcycle brand, and more

Here's our curated list of important tech news from this week in byte size. ....

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