The sharp rise in tariffs on U.S. motorcycles, which is scheduled to rise 56% on December 1, will not continue, due to a last-minute agreement between the United States and the European Union on steel and aluminum imports to the United States and aluminum. After Joe Biden becomes the new president of the United States, the introduction of additional tariffs may already be postponed until December 1 of this year, but they will take effect without agreement. Due to yesterday’s trade agreement, it is now completely blocked.
It is unknown at this time what he will do after leaving the post.
Jochen Jeets, President, CEO and CEO of Harley-Davidson:
“Today’s news is a great success for Harley-Davidson and our customers, staff and dealers in Europe. Our thanks to President Biden, Secretary General Raimundo and the US Government for their efforts in these negotiations. It will be a major turning point in US-EU trade relations, strengthening the position of Harley-Davidson’s most popular motorcycle brand. “
Harley-Davidson in particular will be hard hit, as the EU has not previously adopted the “Thailand route”, so the diversion to Harley was closed and an import tax increase seemed inevitable. Incidentally, Indian motorcycle, another American motorcycle brand, is not bothered by import taxes; It has been assembling its models for the European (FTR, Scout) market in Poland for some time, which was approved by the European Union.
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