Harley-Davidson is to shift production of some of its iconic motorbikes out of its US plants as it falls victim to the trade war between America and Europe.
The Milwaukee-based company said a rise in tariffs from 6pc to 31pc on its motorbikes exported to European customers would result in a “tremendous” cost increase of approximately $2,200 (£1,656) on each bike.
The business has seen its products hit with punitive import levies by the EU as it retaliates against a 25pc tariff the US placed on imports of steel and 10pc on aluminium.
To avoid passing on costs to its customers in Europe the company said it would relocate production of bikes bound for the EU to “international facilities to avoid...