Trump speaks to reporters before meeting Harley Davidson executives in 2017. Photo: Drew Angerer/Getty Images

President Trump tweeted on Tuesday that the U.S. would "reciprocate" against tariffs on Harley Davidson motorcycles imposed by the EU, which the company has partially blamed for a near 27% drop in first-quarter profit.

"Harley Davidson has struggled with Tariffs with the EU, currently paying 31%. They’ve had to move production overseas to try and offset some of that Tariff that they’ve been hit with which will rise to 66% in June of 2021." @MariaBartiromo So unfair to U.S. We will Reciprocate!

The big picture: Last year, Trump called for a boycott on Harley Davidson products and threatened higher taxes when the company planned to move motorcycle production overseas — a result of the retaliatory tariffs the EU imposed in response to Trump's steel and aluminum tariffs. Harley told CNBC on Tuesday that "falling demand, higher costs from U.S. tariffs on raw materials and European taxes on imports of its motorcycles hurt its earnings."

Go deeper: How Trump's trade policies changed the game for Harley-Davidson

Go deeper

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

Murkowski says she'll vote to confirm Amy Coney Barrett to Supreme Court

Sen. Lisa Murkowski. Photo: Alex Edelman/AFP via Getty Images

Sen. Lisa Murkowski (R-Alaska) said Saturday that she'll vote to confirm Judge Amy Coney Barrett to the Supreme Court on Monday, despite her opposition to the process that's recently transpired.

The big picture: Murkowski's decision leaves Sen. Susan Collins (R-Maine) as the only Republican expected to vote against Barrett.