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Welcome to the World of Pulitzer Prize Winning Political Cartoonist Michael P. Ramirez |
Queasy Rider 07-01-18
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Trump's tariffs and Harley-Davidson
JUN 25, 2018 Harley-Davidson Swerves Amid Trump's Tariff War Charles Wallace , CONTRIBUTORI am a prize-winning financial journalist who covers trade issues Opinions expressed by Forbes Contributors are their own.Call Harley-Davidson one of the first major American companies to fall victim to President Trump’s tariff offensive. It probably won’t be the last. The iconic motorcycle manufacturer disclosed in an SEC filing Monday that it is moving production of motorcycles for the European market offshore because of the retaliatory tariffs imposed by the European Union after President Trump decided to tax imports of European steel and aluminum. “To address the substantial cost of this tariff burden long-term, Harley Davidson will be implementing a plan to shift production of motorcycles for EU destinations from the U.S. To its international facilities to avoid the tariff burden,” the SEC filing said. It said the plan to shift manufacturing would take between 9 and 18 months and add incremental costs. The company currently makes motorcycles outside the U.S. at factories in India and Brazil. Harley, which sold 40,000 bikes in Europe in 2017, said the cost of European duties this year would be around $30 million to $45 million. Rather than lose market share to rivals, it said it would not increase its prices in Europe to account for the taxes. On a full year basis, it expects the tariffs to cost $90 million-$100 million. read more
Comedy Central Writer Wishes Anthony Kennedy Was ShotPeter Hasson / @peterjhasson / June 28, 2018
A writer for Comedy Central said he wished Supreme Court Justice Anthony Kennedy was dead after Kennedy announced his intention to retire, giving President Donald Trump another court pick. “I wish this Kennedy had been shot instead of the other ones,” Curtis Cook wrote on Twitter Wednesday in response to news of Kennedy’s retirement. The “other ones” is an apparent reference to the assassinations of former President John F. Kennedy and former Sen. Robert F. Kennedy. read more 2018.hillsdalecollegecruise.com
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