Jun 25, 2018

Harley-Davidson moving some production from U.S. after EU tariffs

The Harley-Davidson logo in Krakow, Poland. Photo: Omar Marques/Light Rocket via Getty Images

Harley-Davidson is set to move some of its motorcycle production out of the United States as a result of President Trump's burgeoning trade war with the European Union, reports Bloomberg.

The details: The EU's tariffs on Harleys will raise their prices by about $2,200, but, according to an SEC regulatory filing, the company plans to eat the $90 million to $100 million increase itself rather than pass costs along to customers.

The backdrop: Harley-Davidson's European business has been booming in recent months and, in its SEC filing, said that moving more production overseas is "the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe." Its European marketshare increased by 1.3 points to 10.4% last year and the company increased its sales by 6.8% since last year's first quarter, per Yahoo.

Go deeper: Read the entire SEC filing here.

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Bernie Sanders suspends presidential campaign

Photo: ANDEL NGAN/AFP via Getty Images

Sen. Bernie Sanders announced Wednesday that he is suspending his presidential campaign.

The big picture: It's an end to the campaign of the leading progressive in the race — and the candidate who seemed to be the clear front-runner for the Democratic nomination just a few months ago. It also makes Biden the presumptive Democratic nominee four months before the party's convention in Milwaukee.

Indians look to Taiwan amid China's coronavirus missteps

Illustration: Sarah Grillo/Axios

Many Indians are angry at China and the World Health Organization for their perceived mishandling of the coronavirus. The efficiency and transparency of Taiwan's response to the epidemic, in contrast, has made it a topic of renewed sympathy and interest in India.

Why it matters: The coronavirus crisis is showcasing Taiwan's democratic system of governance on an international stage, the biggest soft power win for the country in years.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 1,447,466 — Total deaths: 83,471 — Total recoveries: 308,215Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 399,929 — Total deaths: 12,911 — Total recoveries: 22,539Map.
  3. 2020 latest: The results for Wisconsin's primary elections won't be released until April 13. Thousands of residents cast ballots in person.
  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Anthony Fauci said.
  5. Public health latest: Surgeon General Jerome Adams highlighted the disproportionate impact the illness is having on African-American communities.
  6. 🚌 Public transit: Systems across the country are experiencing ridership collapse, squeezed funding streams and slow recovery from the pandemic.
  7. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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