US President Donald Trump has expressed surprise about Harley-Davidson’s announcement that the new tariffs imposed by the EU on US goods HAD forced the company’s executives to shift production of some motorcycles to Europe. Radio Sputnik discussed the move with Nicola Borri, an economics and finance professor at Rome’s LUISS University.
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Therefore, I think there was obvious choice to shift production overseas especially because Harley-Davidson already has plants overseas, like in India and Thailand.
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So I think that some companies will shift production, maybe the bigger ones and the ones which have production sites abroad, as more will simply choose to keep from exporting to the EU altogether.
I think that President Trump is actually trying to take advantage on these divisions. However, for the time being at least, European countries were able to speak with one voice on trade issues and have been united in these retaliatory tariffs against the US tariffs on steel and aluminum.
