After a relentless tweetstorm this morning which covered far too many things to be able to summarize here, Trump once again lashed out at Harley Davidson for moving part of its non-US focused production abroad, and said that he was working with other motorcyle companies “who want to move into the US”, noting that Harley customers “are not happy with their move” as sales are down 7%, although it was not quite clear how he made the connection between the company’s offshoring decision and declining demand for hogs.
Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move – sales are down 7% in 2017. The U.S. is where the Action is!
Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move – sales are down 7% in 2017. The U.S. is where the Action is!
— Donald J. Trump (@realDonaldTrump) July 3, 2018
Harley’s stock price remains subdued and was trading near the lowest levels since the start of 2016.
While it is unclear just what Trump’s endgame here is, we would not be surprised if HOG management caves, and announces it is halting its offshoring plans, if only to stop the daily presidential bully pulpit harassment from the president.
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