President Trump, when considering tariffs, think like a Harley rider
Harley-Davidson -- and, really, the American motorcycle industry -- is in many ways iconic of America. Motorcycles are symbolic ambassadors for the American spirit. At the same time, the industry, which employs many people in both manufacturing and retail, runs on a very thin profit margin. Cutting into that profit margin does not help the motorcycle industry, motorcyclists or the American economy in general.
Recently, the Trump administration raised tariffs on some European products, which, predictably, led to something of a trade war. The European Union came up with its own tariffs -- including higher duties on American-built motorcycles -- that will add an estimated $2,200 to the price of Harley-Davidson motorcycles exported to the EU.