Harley-Davidson to shift production out of U.S. due to tariffs

Harley-Davidson, facing rising costs from new tariffs, will begin shifting the production of motorcycles heading for Europe from the U.S. to factories overseas.

The famed motorcycle maker said in a regulatory filing Monday that European Union tariffs on its motorcycles exported from the U.S. jumped from 6 percent to 31 percent.

Harley-Davidson Inc. said that it will not raise its prices due to “an immediate and lasting detrimental impact to its business in the region.”

Earlier this month, the EU announced it would impose retaliatory tariffs on a list of goods from the U.S., including motorcycles.

Those tariffs are meant as retaliation against tariffs on imported aluminum and steel from the EU and other countries like Mexico and Canada.