(NBC News) President Trump threatened on Twitter Tuesday that Harley-Davidson will be "taxed like never before" if the motorcycle maker moves production overseas.
The president's threat comes after Harley announced Monday that motorcycles sold in Europe would be made overseas because of increased costs from the European Union's retaliatory tariffs against the Trump administration's duties on steel and aluminum.
In another tweet Tuesday, Mr. Trump claimed Harley-Davidson is just using the increased trade tensions as an excuse to justify planned changes in manufacturing.
A 25-percent increase in European tariffs would add $2,200 to the cost of a motorcycle shipped to Europe, which is Harley-Davidson's second-biggest market.
"I'm actually on Harley Davidson's side. I don't think these tariffs are beneficial to anybody in any business in America. I'm very concerned about it. I'm a strong supporter of the president, but I think he's wrong," said Republican Senator Orrin Hatch.
Experts expect more U.S. trading partners to retaliate.
Read more: https://nbcnews.to/2tynFx7
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