• Maybe Trade Wars Aren't So Easy To Win After All
Maybe Trade Wars Aren't So Easy To Win After All

US President Donald Trump criticised Harley-Davidson on Monday for shifting some of its units out of the country in response to Europe's new tariffs on motorcycle imports. Mr. Trump said. "Harley must know that they won't be able to sell back into USA without paying a big tax! ". Retaliation by Brussels targeted producers in Republican s...

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  • USA may use emergency law against China investments, says Bloomberg
USA may use emergency law against China investments, says Bloomberg

During trade talks in Beijing on Monday, EU and Chinese leaders agreed to "resolutely oppose unilateralism and trade protectionism". Well the Dow did rebound in the last hour to finish down but less than earlier after Trump's trade adviser, Peter Navarro said that there were no investment restrictions planned against China and other countries...

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  • Harley-Davidson, stung by tariffs, shifts some U.S. production overseas
Harley-Davidson, stung by tariffs, shifts some U.S. production overseas

Their employees and customers are already very angry at them. He then warned: "If they move, watch, it will be the beginning of the end - they surrendered, they quit!" Trump tweeted that Harley-Davidson is just using the tariffs as an excuse .

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  • Turkey's Erdogan Takes on New Powers
Turkey's Erdogan Takes on New Powers

Regardless, Erdogan proudly addressed supporters from his Justice and Development Party's (AKP) headquarters in the capital Ankara early Monday morning, telling them: "The victor of this election is each and every individual among my 81 million citizens", and lauding the "lessons in democracy" Turkey had given to the rest of the world.

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  • US stocks slide on escalating US-China trade tensions
US stocks slide on escalating US-China trade tensions

That triggered threats of further tariffs on European cars from Trump. Later Sunday, the Wall Street Journal reported that the US was preparing new policy measures that would restrict Chinese investment in industrially important technologies.

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  • Harley-Davidson Is Fighting the Trade Wars on Two Fronts
Harley-Davidson Is Fighting the Trade Wars on Two Fronts

On Saturday, the European Union began to tax early $3.3 billion worth of imports from the United States, including Harley-Davidson motorcycles, in response to the Trump administration's 25 and 10 percent tariffs on steel and aluminum, respectively, imposed in late May.

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  • United States restrictions on Chinese investment next front in trade dispute
United States restrictions on Chinese investment next front in trade dispute

The U.S. Treasury is due to issue its recommendations on Chinese investment restrictions on Friday. European Commission Vice-President Jyrki Katainen and Chinese Vice Premier Liu He shake hands before the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing , China, June 25, 2018 .

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  • Trump's Tariffs Are Forcing Harley-Davidson To Move Jobs Overseas
Trump's Tariffs Are Forcing Harley-Davidson To Move Jobs Overseas

The company sees an annual impact due to the tariffs of about $90 million to $100 million and expects an incremental cost of about $2,200 per average motorcycle exported from the United States to the EU. Harley-Davidson bikes are lined up at a bike fair in Hamburg, Germany, February 24, 2017. All three say they will be forced to close their pla...

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  • Harley-Davidson to move some production out of U.S. after tariffs
Harley-Davidson to move some production out of U.S. after tariffs

The company reported revenue of $1.68 Billion in the same period a year ago. During the same quarter last year, the company earned $1.05 EPS. equities research analysts expect that Harley-Davidson Inc will post 3.9 earnings per share for the current fiscal year.

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  • Turkey's Erdogan wins sweeping new powers after election victory
Turkey's Erdogan wins sweeping new powers after election victory

However the opposition raised doubts about the accuracy and reliability of the figures released by state-run Anadolu news agency, the sole distributor of the official vote tally. Erdogan called the election more than a year early in what analysts say was a pre-emptive move ahead of a possible economic downturn. Erdogan was on course to defeat his...

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  • Harley-Davidson to shift some production outside U.S. over European Union tariffs
Harley-Davidson to shift some production outside U.S. over European Union tariffs

Last week German automaker Daimler AG cut its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for USA vehicles in China. Harley-Davidson, stung by new tariffs, said it will shift some motorcycle production to factories outside the U.S. The company already has plants in Australia, Brazil and India, and it wil...

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  • Anti-Brexit protesters march for new referendum
Anti-Brexit protesters march for new referendum

People packed the streets in what was the biggest anti-Brexit march yet proving the growing anger over the government's handling of the UK's exit from the EU. Sir Vince is expected to say Brexit is not a "done deal" or inevitable and can be stopped. In an article in the Sun newspaper on Saturday, Johnson wrote that any softening of the final deal...

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  • Harley-Davidson will outsource some production due to retaliatory tariffs
Harley-Davidson will outsource some production due to retaliatory tariffs

Harley-Davidson maintains a strong commitment to USA -based manufacturing which is valued by riders globally. Moving production overseas "is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe", Harley said in a Mond...

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  • Harley-Davidson moving production overseas to avoid tariffs
Harley-Davidson moving production overseas to avoid tariffs

Last week, the European Commission said it would start charging import duties of 25 percent on a range of USA products after Washington imposed tariffs on EU steel and aluminum at the start of June. Europe is a critical market for Harley-Davidson. The EU decision to place tariffs on various USA products, including Harleys, was in retaliation to t...

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  • Tens of thousands rally for new vote on Brexit
Tens of thousands rally for new vote on Brexit

Social workers, neurologists, paediatricians and IT technicians are also among those on a long list of affected jobs. The People's Vote campaign argues that public opinion is turning against Brexit as the economic costs become clearer. "I was in deep tears when the referendum happened, it looked like the future was pretty bad", said Chiara Liduori,...

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  • Germany’s Merkel says Syria must be more secure before refugees return
Germany’s Merkel says Syria must be more secure before refugees return

Conte told European Council President Donald Tusk in Rome on Wednesday that it was unthinkable for Italy to also have to take migrants that have made secondary movements, given that it already is widely recognised as being the country most exposed to primary migrant flows.

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  • 9,000 barrels of bourbon crash to ground after building collapse
9,000 barrels of bourbon crash to ground after building collapse

The collapse was reported to dispatch at 10:55 a.m. on Friday. The collapse impacted around 9,000 barrels. The building houses around 20,000 barrels of aging bourbon. "We are assessing how numerous impacted barrels can be recovered", Preske said in a press release. Officials were also trying to figure out the age of the warehouse and whether ...

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  • Rats Break into ATM, Chew up Cash worth US$18000
Rats Break into ATM, Chew up Cash worth US$18000

According to SBI, a total of Rs. 29.48 lakh was fed to the machine on 19th May and due to some technical reason the machine mal-functioned from 20th May (next day) onwards. Local police superintendent Prakash Sonowal said they had received a complaint last week from the government owned State Bank of India that one of their ATMs had been malfunctio...

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  • Hawkish hold from Bank of England boosts sterling
Hawkish hold from Bank of England boosts sterling

However, while MPC members Ian McCafferty and Michael Saunders had been expected to continue to vote unsuccessfully for a rise in base rates at the latest meeting, Mr Haldane's vote surprised economists and financial markets. The pound has strengthened recently, and investors appear to be factoring in the potential for an interest rate rise in Augu...

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  • Greece heads for bailout exit after deal with creditors
Greece heads for bailout exit after deal with creditors

Eurozone Ministers on Thursday will try to resolve their differences over the terms of Greece's departure from its massive bailout programme with splits over the degree of debt relief needed by cash-strapped Athens. Greece has already received 275 billion euros ($320 billion) in financial support from the European Union over the past eight yea...

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