While earlier Europe said that it would disclose its trade war retaliation strategy no sooner than March 5, moments ago Reuters floated its latest trial balloon reporting that the European Union is considering applying a 25% tariffs on roughly $3.5 billion of imports from the United States should Trump execute his plan steel and aluminium tariffs.
While the European Commission has said it would respond "firmly" to proposed U.S. import duties, it also warned it would join others in a challenge at the World Trade Organization and consider safeguard measures, last deployed in 2002, to guard against steel and aluminium being diverted to Europe from elsewhere if U.S. tariffs come in.
Separately, the WSJ reports that the EU will target motorcycles, and Harley Davidson in particular, bourbon and blue jeans in retaliation.
The "bloc will react to the proposed U.S. steel action with tariffs on motorcycles (Harley-Davidson), bourbon whiskey and blue jeans,” WSJ reporter William Mauldin cites EU President Jean-Claude Juncker as saying in Twitter post.
Breaking: EU's Juncker says the bloc will react to the proposed U.S. steel action with tariffs on motorcycles (Harley-Davidson), bourbon whiskey and blue jeans.
— William Mauldin (@willmauldin) March 2, 2018
Juncker told TV journalists in Hamburg that Europe needs trade policy that is able to defend, and "we will not be naive," according to Juncker’s spokeswoman Mina Andreeva’s tweet.
While Europe's response to US bourbon had been leaked previously, the attack on Harley Davidson is new, and with its base in Wisconsin, some have suggested this is an attempt to target swing states.
The response in HOG stock was immediate.
That said, with just 6,400 HOG employees, the impact will likely be modest.
Comments
Thank God I only wear black jeans.
Hey, if it means them saving European BMW motorcycle jobs, more power to them. We must begin to think NATIONALISTICALLY... not Globalistically. The latter serves the .01%... the former serves the 99.99%. We must, as sovereign countries, do what is best for our own people. Why is this such an alien concept? Oh, yeah... that's right, because we're all ruled by alien (((INTERNATIONALISTS))).
In reply to Thank God I only wear black… by FullHedge1
"...and your mother smells like elderberries!"
In reply to Hey, if it means them saving… by J S Bach
Good. Most bluejean manufacturing is shitty foreign stuff anyhow. The EU can go buy that shit instead.
Less foreign demand for high quality domestic bluejeans makes them more affordable here.
In reply to "...and your mother smells… by ParkAveFlasher
Good. No problem, we will once again make those things here.
In reply to Fine by me. Most major… by Gaius Frakkin'…
And the mercado negro just got a 25% bump ;-)
In reply to Good. Then we will make them… by El Oregonian
No Exports from Europe until they fix their anti-free speech policies regarding invading Muslims (See Marine Le Pen)
http://www.dailymail.co.uk/news/article-5450311/Marine-Le-Pen-facing-pr…
In reply to And the mercado negro just… by nmewn
hog was bailed out by frbny with the banks. too big to fail...and under nyc.dc control since. government motors on two wheels. have they started making rainbow hogs yet?
In reply to No Exports from Europe until… by Bumpo
Wake me up when they tax iPhones, then we'll know they're for real...
In reply to hog was bailed out by frbny… by cheka
Large MC import tariffs...
E.U. 6%
U.S. 2.4%
Once your import Harley-Davidson arrives at the European port, the first thing you will have to do get it released by the local customs authority. The amount of import duty you will have to pay is as follows:
6% for motorcycles with a engine capacity exceeding 250cc
8% for motorcycles with an engine capacity to 250cc
https://www.carfax.eu/article/import-harley-davidson.html
Before you decide to import a motorcycle into the United States,
You will be required to pay up to 2.4% duty, which will be assessed based on the purchase price or blue book value.
https://help.cbp.gov/app/answers/detail/a_id/297/~/permanently-importin…
In reply to Wake me up when they tax… by thisandthat
HOG has been in decline for awhile now. Everybody who wants to pay $25,000 for a toy already has. I won't pay that much for my next truck, that I can drive EVERY DAY.
I see used Harley's for sale on every street corner. Keep telling yourselves that a new Harley is a good investment. Hehe haha hoho...
In reply to hog was bailed out by frbny… by cheka
Europeans buy Harleys?
tbh, those guys really need to go out of business. Loud bunch of shit for boomers.
Making the bourbon and blue jeans more expensive will probably just increase sales. Make them more of a status symbol. Like back in the day you could tell someone was the shit if he drank French wine.
In reply to Good. Then we will make them… by El Oregonian
Harley 2014 EU sales...$11,300,000..lol..that's all they've got for "retaliation"?
Trump could, and should, write a check to Harley to cover the tariff...Harley riders are a solid part of his base.
In reply to Europeans buy Harleys?… by tmosley
HEY!
EU!
Here's how to defeat Trumps "Tariff Rampage" in one move...kick the US MILITARY out of the EU...Trump would fold like a cheap tent if you seriously threatened that...
DARE YA!
In reply to Harley 2014 EU sales...$11… by FireBrander
Wait until they impose 25% tariffs on Boeing AIRPLANES.
Then the S will HTF.
Bigger still... the EU will pivot to China and Russia. oops!
In reply to How to defeat Trumps "Tariff… by FireBrander
Can't make omelets without breaking eggs.
The path the US is STILL on is unsustainable; 2009 was our first real chance to change direction.
2018 may well be too little too late...but at least the can kicking is stopping in tiny, but noticeable, ways.
The need to "break eggs" isn't Trumps fault; he's just getting the ball rolling now rather than later.
In reply to Wait until they impose 25%… by loveyajimbo
Exactly! No choice, unless you want to go completely under.
Consumers in North America and Europe are getting deeper and deeper in debt as are their nations. The international multinationals and the Zio financial community have got richer and richer with huge their huge investments and massive offshoring of Western technology and jobs over the years to Communist China, which government they engineered into power after WWII. Each US globalist administration from Nixon to Obama has assured the American people that Chinese development would be good for business and consumers. When the offshoring became a concern the Clinton, Bush and Obama administrations assured the American people that only the grunt laboring-type jobs Americans did not want to do were being off-shored while the more advanced and technical jobs would remain at home. Now, what do we see? More and more manufacturing, industrial, clerical, design, engineering and high tech jobs and entire industries being off-shored particularly to China because of their negligible labor costs and their virtual absence of any reasonable regulations. What is the economic result? Trillions in trade deficits, meaning that Western nations continue to go further and further into debt to nations which ignore all human rights and labor conventions, all in the bullshit name of free trade, which in reality is nothing but greed trade for an exclusive international community of elitists with no real regard for the nations they reside in and milk.
Yes, protect and rebuild American industries with the tariffs collected.
In reply to Can't make omelets without… by FireBrander
China and Russia have small consumer markets relative to the U.S......and they protect their markets, unlike the U.S. Good luck to the Europeans who think they will make up for declines in exports of consumer goods to the U.S. by shifting to China & Russia.
In reply to Wait until they impose 25%… by loveyajimbo
Why? Europe has it's own heavily subsidized aircraft manufacturer, Airbus.
What commercial airline manufacturers are based in China and Russia that can competently design, manufacture and deliver the numbers of aircraft that Boeing or Airbus can do?
In reply to Wait until they impose 25%… by loveyajimbo
That's fine. If the EU wants a little of what the Chinese have been dishing out in Africa, I say let them do it.
In reply to Wait until they impose 25%… by loveyajimbo
Then the US imposes a 30% tariff on Airbus.
Then we pull out 50% of our troops and close 50% of our military bases in dear old Deutschland...
Now excuse me while I go buy a bottle of Jim Beam - it's been awhile.
In reply to Wait until they impose 25%… by loveyajimbo
The US can wipe the German economy off the map with a 25% tariff on cars or car parts. This would hurt Germany way more than a Boeing tariff because Airbus is having major engine problem right now. People don't like flying planes that have engines fall off in flight or stop working.
In reply to Wait until they impose 25%… by loveyajimbo
Trump should do this and trump...
shut your stupid mouth.
everyone has an opinion.
In reply to Harley 2014 EU sales...$11… by FireBrander
Thanks for your opinion; now shut your stupid mouth before the rest of your brains spill out into your tea.
In reply to Trump should do this and… by Simplifiedfrisbee
So what is that? Like 500 Harleys?
In reply to Harley 2014 EU sales...$11… by FireBrander
Splains a lot.
20k worth of trendy featherbrained stupid.
Yuppie weekend larping faggots w/ their I -phones & starbucks.
In reply to Harley 2014 EU sales...$11… by FireBrander
Did a rough estimate of the 2017 total revenue per unit sold in Europe:
42.550 units sold in 2017
(see: https://www.forbes.com/sites/greatspeculations/2014/11/10/harley-davids…)
HD motorcycles and price list for Europe in 2017 (see: https://www.youtube.com/watch?v=y7Ow1YMLTlg):
01) Harley Davidson FLHXS Street Glide = 31.000 €
02) Harley Davidson XL 1200X Forty Eight = 14.200 €
03) Harley Davidson FLHRC Road King = 28,500 €
04) Harley Davidson XL 1200 CX Roadster = 14.500 €
06) Harley Davidson FLSS110 Softail Slim = 26.800 €
07) Harley Davidson Dyna Street Bob = 16.700 €
08) Harley Davidson XL 1200X Forty Eight = 44.500 €
Assuming an average per unit price of 22.025 € (I couldn't find the unit sales for each type of motocycle), that translates to total revenue of 937.163.750 €, or $1.154.182.759.
While I agree in principle with your point, I don't know where your numbers came from. They are way too low.
Check this also: https://www.trefis.com/stock/hog/model/trefis?easyAccessToken=PROVIDER_…
In reply to Harley 2014 EU sales...$11… by FireBrander
https://www.statista.com/statistics/252220/worldwide-motorcycle-retail-…
In reply to Did a rough estimate of the… by dgc0101
dup. disregard.
In reply to Did a rough estimate of the… by dgc0101
You're quoting a 2014 article to make a conclusion about 2017 sales? No way HD sold 43K bikes in Europe last year, and those prices are a wish list. Anyway, you know those corporations park the money in foreign banks, right?
In reply to Did a rough estimate of the… by dgc0101
God forbid if another company made motorcycles in the USA! The monopoly would be over with the first scooter that wasn't a piece of crap. That is what Harleys are, pieces of crap.
In reply to Harley 2014 EU sales...$11… by FireBrander
Add the tariffs and duties to their list:
http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:L:2017:282:FULL&from=EN
In reply to Europeans buy Harleys?… by tmosley
OK, I feel bad for Harley employees, but man, do I hate fucking Harley's. You're exactly right, they're nothing more than a boomer status symbol. "Look at me, I'm a tiny tough guy biker wanna-be." And don't give me the "Loud pipes save lives" bullshit. Should read "Loud pipes just shows what an ignorant, self-obsessed asshole I am. Look how loud I am!!! Hey everyone, look at me!!!" South Park had it dead on.
In reply to Europeans buy Harleys?… by tmosley
you left out the cute little outfits they wear
In reply to OK, I feel bad for Harley… by Dumpster Elite
And how fat most of them are.
And old...
Around here, all the Harleys are driven by white-haired fat guys. What's up with that?
So, who wants to research how much US whiskey is sold in der Deutschland? Germany tariffs whiskey big time, GIs get a sideline - buy it at the PX and sell it out of the back of their cars...Maybe sell their Harley's before rotating back, as well.
In reply to you left out the cute little… by cheka
They have as much into their " flair'' as they do in their 2 wheel suv... 30$ offical Motor Harley Davidson Cycles socks...
In reply to you left out the cute little… by cheka
Every man should have a hobby. But what kind of fucking idiot pays $25-45K for a motorcycle ? Harley are super cool, but waaaay overpriced. Cars are worth half of what they are charging for them now. You can't go near a new basic truck for under $40K now. Total insanity and greed.
In reply to OK, I feel bad for Harley… by Dumpster Elite
No, it's not, it's called pumping TRILLIONS into the economy...cheapening the currency...the AVALANCHE of money chases goods...drives up the prices...econ 101 I believe.
(The FED's) Bernanke's stated Mission in 2009:
1. Re-inflate Housing.
2. Re-inflate Stocks.
3. Recapitalize the banks.
Mission accomplished...at the expense of 90% of average Americans...
In reply to Every man should have a… by I am Groot
I used to go to biker bars on my bone-stock V- Max & trash-talk harleys & 'murica.They had more then 1 or 3 opportunities to beat my ass- yet they never did.Im not a big guy.
20k worth of ultra-high - maintenance marketing full-retard.
In reply to OK, I feel bad for Harley… by Dumpster Elite
They felt sorry for you because you're a retarded cunt and a cocksucker
In reply to I used to go to biker bars… by Mr Hankey
LOL! Best laugh of the day...not even the lowest, lowball of a Harley rider would beat up a " retarded cunt and a cocksucker ".
I bet Dill was the highlight of their day; the Norm of the Harley bar.
In reply to They felt sorry for you… by Dilluminati
Yeah,they're renowned far & wide for their empathy& their thick-skinned resistance to insult.
As well as their sense of discernment as to how to spend 25k on 2 wheels.
In reply to They felt sorry for you… by FireBrander
NOT A COCKSUCKER!!!!!
ANYTHING EXCEPT A COCKSUCKER!!!!!
THOSE COCKSUCKERS.THEY ARE THE WORST.
ALWAYS SUCKING COCKS.
FUCKING COCKSUCKERS.
AND DONT GET ME STARTED ON THOSE FUCKING COCKSUCKERS.
ALWAYS SUCKING COCKS.
In reply to They felt sorry for you… by Dilluminati
Or there wasn't a bike in the lot ,Screaming Eagle Super 'Murican Sooper Patriot Stage 10 Pipes or not that could touch a bike w/ 1/4 the money into it & they knew it...
In reply to They felt sorry for you… by Dilluminati
Ya don't buy a Harley to go fast..only an idiot doesn't know that...you buy it because it's literally "Heavy Iron"...it's the Cadillac of cars. I have to admit, I really enjoy that "heavy" feeling cruising down the highway...but if I want to go fast, I'll ride just about anything else 900cc and up.
In reply to Or there wasn't a bike in… by Mr Hankey
Then whats w/ the sportsters w/ all the pipes, drag shit,etc.are trying to do
In reply to Ya don't buy a Harley to go… by FireBrander
People like to customize and there are a billion parts to custom a Harley...not a lot of choices with a Honda.
The pipes, drag shit and all that make it faster; but it's more about being unique.
In reply to Then whats w/ the sportsters… by Mr Hankey
LOL !!!!!!!!!!!!!
In reply to They felt sorry for you… by Dilluminati
BPA in the water has sissified pretty much everyone.
In reply to I used to go to biker bars… by Mr Hankey
I love all brands, but you have to admit Harley did a amazing job marketing to white collar boomers...Harley successfully sold the idea that "If you're not riding a Harley, then you're not 'somebody'"...
Exactly what all of those "successful" psychopaths want to be is "somebody"..."Look at me"...Harley perfectly capitalized on their narcissism.
I buy and sell bikes all the time..I own a Harley, but I don't dress up "like a biker"...cracks me up to see wimpy, white boy, lawyers wearing "dew-rags"...hilarious!
In reply to OK, I feel bad for Harley… by Dumpster Elite