President Trump is unhappy with Harley-Davidson’s plans to move production of motorcycles it sells in Europe overseas, in response to growing trade friction between the United States and Europe.
In a tweet sent out Monday afternoon, Trump said he was surprised that Harley-Davidson “of all companies, would be the first to wave the White Flag. I fought hard for them….”
European officials last week imposed stiff tariffs on a wide range of U.S.-made goods sold within the European Union. The move came in response to President Trump’s recent decision to slap tariffs on European imports.
In a Securities and Exchange Commission filing Monday, Harley-Davidson said the tariffs imposed by the EU “would have an immediate and lasting detrimental impact to its business in the region.”
The company reported $5.65 billion in revenues last year and Europe is its largest overseas market, with almost 40,000 customers buying motorcycles there in 2017.