Harley-Davidson announced it will shift production of some of its bikes overseas in order to avoid retaliatory tariffs by the European Union.
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U.S. President Donald Trump Tuesday threatened motorcycle maker Harley-Davidson Inc. with higher taxes and said their firm would suffer in a public backlash over its decision to move production for European customers overseas.It was unclear what taxes Trump was referring to, and why the company might have to pay them since it intends to maintain production in the United States as well.Harley-Davidson said Monday it will move production of motorcycles shipped to the EU from the United States to its international facilities and forecast the trading bloc's tariffs would cost the company $90 million to $100 million a year.The Milwaukee-based company decided to build the Thailand plant last year after Trump pulled out from the Trans-Pacific Partnership, which would have lowered import tariffs on its bikes in some of the fastest-growing motorcycle markets in Asia.
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