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Harley-Davidson Inc. after the motorcycle maker said it would move some production overseas as a result of retaliatory tariffs from the European Union, according to Treasury Secretary Steven Mnuchin. Mnuchin's "sense" was that Harley planned to move some production overseas prior to the tariff announcement, but he hasn't spoken to the company directly, he said Thursday in response to questioning by Representative Maxine Waters in a hearing before the House Financial Services Committee.
But surely, even these restrictionists would consider it beyond the pale if Uncle Sam stopped Americans from leaving. That's what tyrannical regimes do-not free countries like ours ... right? Wrong.
A US flag is pictured in front of Harley-Davidson bikes at the "Hamburg Harley Days" in Hamburg, Germany, on June 24. BEIJING: US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on $34 billion of Chinese imports. China immediately said it would be forced to retaliate.
President Donald Trump arrives for a campaign rally, Wednesday, June 27, 2018, in Fargo, N.D. . President Donald Trump speaks during a campaign rally, Wednesday, June 27, 2018, in Fargo, N.D. .
In this July 26, 2017 file photo, President Donald Trump, waves as he departs with House Speaker Paul Ryan of Wis., left, and Terry Gou, president and chief executive officer of Foxconn, after an event in the East Room of the White House in Washington. The ceremonial groundbreaking for a massive $10 billion Foxconn factory complex in Wisconsin was supposed to be evidence that the manufacturing revival fueled by President Donald Trump's "America First" policy is well underway.
Back in the 19th century, trade tariffs worked in some way or other. Nevertheless, they were still net negative forces, but companies generally didn't have much choice where things could be made.
In the heart of London's Soho, whiskey mecca Milroy's of Soho has a section dedicated exclusively to American whiskey. "The rarer products we get in ... they'll be hit fairly quickly because there's not that much of it in the country," the owner of the shop, Simo, who prefers to go by just one name, told ABC News.
Harley-Davidson, facing rising c... . CEO Joel Johnson checks the details on a roll of steel at the Borusan Mannesmann Pipe manufacturing facility Tuesday, June 5, 2018, in Baytown, Texas.
If a trade war is coming, the cheesemakers of Wisconsin are standing in the line of fire. So are the farmers of the Great Plains and the distillers of Kentucky.
If a trade war is coming, the cheesemakers of Wisconsin are standing in the line of fire. So are the farmers of the Great Plains and the distillers of Kentucky.