Retaliatory Tariffs Prompt Harley to Shift Manufacturing Abroad; Adjusting FVE in Response
In response to U.S. tariffs on imported steel and aluminum, the EU has placed tariffs on American-made goods, including Harley-Davidson motorcycles. Harley was already set to see inflated input costs from higher steel and aluminum inputs, noting on its April call that raw material expenses were likely to cost another $15 million to $20 million on top of the already higher prices that the company was experiencing. However, the new Harley tariffs are set to cost an average of another $2,200 per ex...Harley-Davidson is the parent company of Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The company's segments are: Motorcycles and Related Products, which consists of HDMC that designs, manufactures and sells Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise and services; and Financial Services, which consists of HDFS that is engaged in the business of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. HDFS also provides motorcycle insurance and protection products to motorcycle owners.
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