Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Trump Tariffs Backfire BIG TIME, Companies Shifting Production Overseas
Posted
June 26, 2018
Views
10,176
Likes
348
Comments
77
Engagement
4.18%
June 26, 2018
10,176
348
77
4.18%
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3:13Now PlayingIn February of 2017, newly minted president Donald Trump praised the executives of Harley Davidson during a meeting with businesses and unions. Today, Harley Davidson has announced that Trump's tarrifs are forcing them to shift manufacturing overseas. Sam Seder and the Majority Report crew discuss this.
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---Shares of Harley-Davidson plunged Monday after the iconic American motorcycle manufacturer said it will begin shifting some production overseas to offset the impact of retaliatory EU tariffs on certain U.S. goods.
The statement is one of the first by a major U.S. company that implies the recently announced tit-for-tat tariffs will force it overseas, and counters the Trump administration's efforts to protect U.S. jobs by implementing tariffs.
In response to U.S. duties on European steel and aluminum, the EU enacted tariffs Friday on more than $3 billion worth of U.S. goods including bourbon, yachts and motorcycles.---
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