President Donald Trump welcomed a boycott planned by Harley-Davidson owners, calling the move "great", in response to recent announcements that the motorcycle company intends to move some of its operations overseas.
Donald Trump has come out fighting against USA icon Harley-Davidson after tweeting his backing for a boycott of the brand amidst escalating tariff tensions. This is a really bad move! "US will soon have a level playing field, or better", Trump wrote in a Twitter post.
That followed Trump's meeting on Saturday with about 180 bikers who are part of a "Bikers for Trump" fan group at his golf course in Bedminster, New Jersey.
Dozens of bikers descended on the posh club house, where Trump shook hands, posed for selfies and delivered an enemy-bashing speech to a cheering crowd, according to a report from the Associated Press.
Earlier this year Harley-Davidson said shifting targeted production from the United States to global facilities could take up to 18 months to be completed.
Harley-Davidson (NYSE:HOG) had its price objective increased by equities researchers at Citigroup from $50.00 to $53.00 in a research report issued to clients and investors on Wednesday. Hence, they were just using Tariffs/Trade War as an excuse.
As The Guardian reported at the time, Trump used his Twitter account to deny that he said it.
Harley's global plans include making inroads in India and China, as its US sales have tailed off amid a lack of millennial buyers.
It started when Trump imposed hefty tariffs on steel and aluminum imports earlier this year in an effort to bolster domestic manufacturing. He told The New York Times: "If I get a T-shirt made in the United States of America, it's going to cost about $8 more". He said the new levies would prove effective in forcing other nations to renegotiate trade deals with the U.S. As tension with European countries ebbed, it escalated with China.
Trump then specifically tweeted that he did not say anything derogatory about Haiti, The Guardian reports. "I mean, suppose the president put a gun to someone's head and said, 'I'm going to kill you unless you stop testifying or don't testify.' Obviously, I can't imagine that that isn't an obstruction of justice".