Trump's Hog help, news by Hebei Longsheng
| Trump's Hog help could hurt KTM, Volkswagen President Donald Trump has promised the U.S. "will reciprocate" against EU duties on motorcycle exports including Harley Davidson's. The President has the opportunity to make good on his threat via the forthcoming section 232 review of the automotive sector. Such a move would open another front in the emerging trade war with the EU. The effect on U.S. buyers may be small given the EU only accounted for 14.8% of U.S. seaborne imports of motorcycles and parts in the 12 months to Mar. 31. Major European exporters’ shipments are already been in decline. KTM Industries suffered a 2.3% year over year decline U.S.-bound exports alongside lower shipments from Volkswagen’s Ducati and Piaggio. |
