FBN’s Jeff Flock: Trump’s Trade Policy ‘Appears They Will Be Eliminating’ Jobs in the USA’

RUSH EXCERPT:

FLOCK: "They’re getting a double whammy at harley-davidson, Neil. The steel and aluminum tariffs hit their raw materials costs and now the European union imposing a 25% tariff on motorcycles made here. So Harley is in a tough spot. That went from 6% to 31%. Today in a regulatory filing, Harley said that would add more than $2,000 a bike to a cost of a motorcycle made here in the U.S. And sold that in Europe. They can’t pass that lock. In the short term, they have to eat it and move production away from the U.S. Europe with an expanding market for harley-davidson. They love it over there. U.S. Sales have been down. Lock at the first quarter. U.S. Sales of harleys down double digits as guys like me get older. In Europe, it was growing 7%. So those bikes made in the U.S. And shipped to Europe will be no more. Harley has four plants here in the U.S. York, Pennsylvania, Kent city, Missouri and two in Wisconsin. Now apparently bikes destined for Europe will be made in Brazil, Thailand and Australia. This is not, as you point out, what the president had intended. His trade policy is designed to keep and create jobs in the U.S. In this case, it appears they will be eliminating them. Neil?"