Jun 25, 2018 - Economy & Business

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.

Go deeper

Fadel Allassan
57 mins ago - Politics & Policy

Debate commission co-chair: We don't expect moderators to fact-check candidates

Presidential Debate Commission co-chair Frank Fahrenkopf Jr. said Sunday he doesn't expect Fox News anchor Chris Wallace or any of the other moderators to fact-check President Trump or former Vice President Joe Biden at the debates.

What he's saying: "There's a vast difference between being a moderator in a debate and being a reporter who is interviewing someone." Fahrenkopf Jr. said on CNN's "Reliable Sources."

Go deeper (1 min. read)Arrow
Axios
Updated 59 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3:00 p.m. ET: 32,930,733 — Total deaths: 995,450 — Total recoveries: 22,782,236— Map.
  2. U.S.: Total confirmed cases as of 3:00 p.m. ET: 7,094,145 — Total deaths: 204,607 — Total recoveries: 2,750,459 — Total tests: 100,492,536 — Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemic — Fewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.
Go deeper (<1 min. read)Arrow
Orion Rummler
Updated 2 hours ago - Health

3 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

Utah, North Carolina and Wyoming set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project (CTP) and state health departments. Utah and Wyoming surpassed records set the previous week.

Why it matters: Record case highs have usually meant that more hospitalizations and other serious outcomes are on the way, CTP's latest weekly update notes.

Go deeper (1 min. read)Arrow