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Harley-Davidson stock rocked as EU tariffs hit where it hurts
Shares of Harley-Davidson Inc. got knocked lower Monday, after the motorcycle maker said it would have to eat the “substantial” short-term costs of the tariffs imposed by the European Union, but it planned to move some production overseas to ease the burden over the long term. In a tweet Monday afternoon, President Donald Trump said he was surprised that the company “would be the first to wave the White Flag.” The Milwaukee-based company made it clear in a filing with the Securities and Exchange Commission on Monday, that the EU enacted the tariffs on its U.S.-made motorcycles in response to the tariffs the ... (full story)
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