US.President Donald Trump on Monday slammed Harley-Davidson Inc after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year.
Trump said he has fought hard for the company and was surprised by its plans, which he described as waving the "White Flag."
Harley-Davidson, the dominant player in the heavyweight U.S. motorcycle market said earlier on Monday it would not pass on any retail or wholesale price increases in the EU and instead focus on shifting some U.S. production. Harley shares closed down nearly 6 percent and analysts cut their profit forecasts on concerns about how quickly the company would be able to adapt to the 25 percent import duties the European Union began charging on June 22.
"I fought hard for them and ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse - be patient!" Trump said in a post on Twitter.
The United States earlier this month imposed tariffs on steel and aluminum imports from the European Union, provoking a "tit-for-tat" response from the trading bloc against U.S. goods.
In a regulatory filing https://bit.ly/2tA1ru0 the 115-year-old Milwaukee, Wisconsin-based company said the retaliatory duties would result in an incremental cost of about $2,200 per average motorcycle exported from the United States to the European Union, but did not provide more details on current motorcycle costs.
The list which was looked at was curated by Swaraj herself. No modification was made to retain Swaraj’s judgement about the nature of tweets.
The current controversy erupted when Vikas Mishra, an officer in the regional passport office of Lucknow was transferred after he allegedly humiliated Tanvi Seth and Anas Siddique, a Hindu-Muslim couple.
According to reports, he had asked the woman to change her name and her husband to convert to Hinduism. Mishra has contested the allegations of misbehaviour.
It is important to note Sushma also one among the PM candidate contest inside Bjp during last parliament election where Modi emerged successful.Read Also: China reciprocates America tariff trade war, India follow suit
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