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Harley Davidson warns of 'significant' sales hit from EU retaliatory tariffs

Published 06/01/2018, 03:22 PM
© Reuters.  Harley Davidson warns of 'significant' sales hit from EU retaliatory tariffs
HOG
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  • Harley-Davidson (HOG -1.3%) warns it will suffer a “significant impact” to its sales after the European Union revealed plans to raise tariffs on a range of U.S. imports, including big motorcycles, in retaliation for new U.S. tariffs on EU metal exports.
  • “We believe a punitive, retaliatory tariff on Harley-Davidson motorcycles in any of our major markets would have a significant impact on our sales, our dealers, our suppliers and our customers in those markets,” the company says, adding that it is evaluating ways to manage anticipated cost increases following the EU’s proposed measure.
  • Europe, the Middle East and Africa accounted for ~21% of HOG's global retail sales during the previous quarter.
  • Now read: Harley-Davidson: No Reason To Get Onboard


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