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00:00:00
>>
SOUND] T
ade tensions hit home with a war of words between US President Donald Trump and former BFF Harley-Davidson.>> Harley-Davidson, made in America>> But that was then, this is now. On Tuesday, Trump threatening Harley-Davidson with a, quote, big tax after the company announced it would move some of its production overseas.
00:00:20
>> The people that ride Harleys are not happy with Harley-Davidson, and I wouldn't be either. But mostly companies are coming back to our country.>> The iconic motorcycle brand said it was making the change to avoid losing up to $100 million a year to the new European Union tariff.
00:00:39
The President tweeting in response, quote, if they move, watch, it will be the beginning of the end. They surrendered, they quit. The aura will be gone and they will be taxed like never before. Reuters transportation editor Joe White.>> President Trump has threatened Harley-Davidson with quote, a big tax, unquote, if they use foreign plants to supply the United States.
00:01:01
But it's not at all clear that Harley intends to do that. Harley has production in the United States that it uses to serve a declining US market. What Harley is doing, and what a lot of other manufacturers are doing, is locating production outside the United States to serve markets outside the United States.
00:01:18
>> The new EU tariffs are a direct response to tariffs Trump placed on steel and aluminum from Europe. Those tariffs were aimed at saving American jobs, but now, Harley-Davidson employees in the US could lose out.