Harley-Davidson to move some production out of US to avoid EU tariffs
Updated : June 26, 2018 07:25 AM IST
The shift in production is an unintended consequence of US President Donald Trump's administration imposing tariffs on European steel and aluminum early this month, a movedesigned to protect US jobs.
The company expects the tariffs to result in incremental costs of $30 million to $45 million for the rest of 2018, the filing said.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more