it seems we have finally arrived at one, even for me, the harley-davidson case. >> harley-davidson isust the beginning. what all the economists have been saying as donald trump has dreamed more and larger tariffs on more and closer of our allies as well as china, japan, canada, germany, the uk, france -- they've said, you're going to destroy thousands more jobs than you are going to save because on steel, there are far more steel users than there are steel producers in the united states. whatever you do, you're going to lead them to then target u.s. industries, and harley-davidson is a perfect example. they're not 90 minutes from where i'm sitting right now. and in honor of july the 4th, hundreds of workers are going to be able to celebrate our nation's independence by losing their jobs, going to the very countries that the president thinks he's trying to punish. >> and the one thing that businesses need as republicans are constantly reminding us, as if we didn't know, is stability. they need to be able to predict the future. and harley-davidson clearly is finding the future so unpred

is... although he has boasted this harley-davidson is... davidson. made in america. the company that he welcomes the big white house is looking to shift much of its production overseas. —— harley—davidson. production overseas. —— harley-davidson. the eu is trying to punish the us for imposing tariffs because they have been involved in unfair trade practices. we are saying enough is enough, it is time to work with eu on fair trade. the european union have focused on all american products, made in the heartlands where the president has sought support, on bluejeans, burban and harley—davidson is. —— bourbon. but the compa ny‘s but the company's days of easy riding had been left behind. in the united states, sales have slumped and other countries have become much more important. if you have not been ona more important. if you have not been on a harley—davidson, you have not been on a motorcycle. just last week, the warning that producing their bikes in europe would cost more. of course this will have an impact on price, we will try to make this

what does harley-davidson do?y all right, we'll build them over there so don't have to pay the tariff. that's what they need to do as a capitalist company that needs to reward their shareholders, but john, how do we fix this so we don't have darn tariffs in the first place? >> the point of trump's exercise of strategys somehow toscare, to push these major trading parties into making new deals with the united states on trade. whether or not it succeeds remains to seen. we recently had the people's bank of china cut interest rates. it eased monetary policy in part because china's perhaps bracing itself for an extended period of trade friction with the united states. they're getting ready to do battle, and we just don't know how long this is going to last and how much we have to do in order to get the other side to give in sufficiently. trish: think about it, if you're china, you tell the harley-davidson of china, you're not going to move jobs overseas. right? you have the ability to do that because it's obviously a

although donald trump is boasted this of harley—davidson: made in america. harley—davidson.t he welcomed to the white house is looking to shift much of its production overseas. the european union is try to punish us workers because they have engaged repeatedly in unfettered trade practices and the president is saying enough is enough and we would like to work with the eu to work on a level playing field. when donald trump imposed steep tariffs on imports of steel and aluminium, of retaliation was expected. and the european union have focused on all american products, made in the heartlands where the president has sought support, like bluejeans, bourbon, and harley—davidsons but the compa ny‘s glory bourbon, and harley—davidsons but the company's glory days of easy writing art now long behind. sales in the united states have slumped and customers in other countries have become much more important. until you have been on a harley—davidson, you have not been ona harley—davidson, you have not been on a motorcycle. butjust last week, the firm was wanting to get on one of their bi

the presidential bromance with harley-davidson is officially over this morning the president is venting over harley's plans to move some of its production out of the united states to avoid paying sharply higher tariffs slapped on their bikes in europe. tariffs imposed in response to these sharply higher u.s. tariffs on european steel and aluminum. the president wrote, quote, a harley-davidson should never be built in another country. they're employees and customers are already very angry at them. if they move, watch, it will be the beginning of the end. they ser rendered, they quit. what a difference a year can make. abby phillips is at the white house. a year ago the president wrote, great meeting with harley-davidson executives from milwaukee, wisconsin at the white house. that has certainly changed. what else is the president saying this morning? >> reporter: that's right. the president's clearly agitated by what is a direct result of his policy of initiating a trade war with europe and with other parts of the world that he says is going to be easy to win. now he's saying that harley

joining us on the phone former harley-davidson senior executive, clyde fesher, ar of harley-davidsonthe road." thanks for joining us. >> good morning. >> good morning. i want to know how big of a quagmire is harley-davidson in right now in this pressure from president trump? it seems that the trump base is very much, at least the u.s. target market for harley, am i wrong? >> in order to answer that question, you have to look at harley in perspective. it's been around for 115 years and for the majority of that time we were a domestic company shipping units to canada, the united states and mexico in the 1980s we had a turnaround and started exporting motorcycles and at that time, we had about 4,000 units being shipped to europe. well, now things have changed. again, and harley is becoming an international, global company. and by that, that means having manufacturing facilities throughout the world where there's market for them. just like tie ooyota, honda, mercedes and bmw they've done the same thing the quagmire we're in should be in perspective and remember one thing, the heart soul

harley—davidson is using that as an excuse, and i don't like that, because i've been very good to harley—davidsonit as an excuse harley—davidson, and they used it as an excuse and i think the people that ride harleys are not happy with harley—davidson, and i wouldn't be either. but mostly companies are coming back to our country. he has also threatened to impose new taxes on harley—davidson, though our reporter says the president's options are limited. i think most traders on wall street i was speaking to earlier today would tell you it is probably more likely rhetoric than anything. certainly there is concern that president could do something like tax the motorcycles that harley—davidson would try and build a broad and reimport into the us. that assumes harley—davidson would be building motorcycles abroad that it would wa nt to motorcycles abroad that it would want to bring back into the us. the announcement yesterday was specific to the idea that motorcycles bound for the european market, they would start building those outside of the us in their overseas facilities. so the president's options

one of these motorcycles is a big 1000cc harley—davidson...s of easy riding are now long behind. sales in the united states have slumped and customers in other countries have become much more important. until you have been on a harley—davidson, you have not been on a motorcycle. but just last week, the firm was warning to get on one of their bikes in europe would inevitably cost more. translation: of course this will impact on price. we will try to make this as painless as possible, but no company can foot this alone. in the short—term, harley—davidson now says that it intends to absorb the extra costs of $2200 for each motorcycle. that could amount to $100 million a year. but the longer—term plan of taking production out of the us is worrying some republicans. yet donald trump seems determined to move ahead, even if that looks like america going it alone. chris buckler, bbc news, washington. staying in the united states, and the pentagon has confirmed that two military bases in texas would be used as temporary camps to house migrants. last we

harley-davidson or trump?l betting against trump these days and i think is probably right about harley-davidson riders who voted for donald trump. this does seem to be on harley-davidson's part in part or reaction to these tariffs but also part of a trend in the company to build more motorcycles overseas. they build them in brazil, they build them in india, they build them in thailand, they build them in australia. the idea that every harley is built in the good old usa is actually just not correct and the other thing that i've been thinking since this newshappenek that this is the final act in this? these tariffs are very fluid, most of them haven't even taken effect yet. there are threats and counter threats. i think we need to wait a while to see what happens. >> bret: that's what he said, patients. >> patients. harley does have a problem because it's not attracting younger riders so much anymore in the u.s. as mollie alluded to. i think the president -- had a hard time figuring out what he was talking abou

i am happy with harley—davidson and my president.nsin is aware that the president's policy could have an impact on harley. with harley—davidson just over there that must provide a lot of business for the area and yourself. yes, it does. a lot of businesses in this area. yet trump voters are remaining loyal to the president. he is what he is. bombastic and i think he is controversial but i think a lot of that is part of the way he wants to negotiate and get things done. it was in states like this that donald trump fired up his campaign. turning wisconsin republican red was an important part of his presidential victory and it is no surprise that he is back on the road campaigning here ahead of the congressional elections. but the uncertainty about harley—davidson could hurt him. trump as far as i am concerned, i don't consider him america. he is our leader right now but harley— davidson will always be america. that sounds like a real warning to donald trump. don't mess with it. there's no doubt harley—davidson is a classic american bra

i don't like harley-davidson look at what's at stake for harley-davidson in the u.s it has roughly half of the market when it comes to motorcycles in the united states its q one sales were down 12% that made not necessarily the indication of harley-davidson's struggling as much as there's soft demand right now when it comes to motorcycles in the united states so as you look at shares of harley-davidson, i know a lot of people will be saying well, will they ultimately say something will they respond because they're getting beaten up? there's two ways to handle this if you're a ceo, melissa, as far as i can tell because i cover so many companies that have been attacked by president trump. you either go to the white house or go to the president and you have a conversation and ultimately make a deal, you saw that with boeing, remember the air force one project. now they get along swimmingly or you don't say anything which is what we've seen from general motors, toyota, the german automakers you just sit there and take it and you don't respond the way that you might ordinarily if somebody at

that being said, harley-davidson was formed in 1903. the indian motorcycle brand came on in 1901. not the only players in america. the harley and -- >> but let me jump in, and i understand this coke, pepsi, few other, the two biggies. your point is important about how, you know, the folks who love harleys, blue collar americans, lot of veterans, and what i'm wondering is, you said you ride a harley, but if the price of a bike goes up, if, would they, you mind paying more if that means buying american? >> well, we would certainly like to save our money so we can take our families on vacations or make our quality of life better. >> is that a no? >> at the end of the day, the biker is a patriotic and they would like to see the jobs stay in america and we like to spend a little more money to know it's american made. the president is right on here just as he usually is. and we're going to support him 100%. >> here's the other piece when you look at just the financials, chris, you know, last quarter, this what is harley was saying, their sales have been down already in the u.s., 12%. the

harley davidson is based in the state's largest city mo walky. walker said no terror of says good for wisconsin's manufacturers and farmers. harley davidson has been relying on europe and other international markets in recent years amid declining u.s. sales. u.s. treasury secretaries even the nugent denies washington is targeting chinese firms after reports of a crackdown on foreign acquisitions of american take a neutral insists investment restrictions will be imposed on all countries accused of trying to steal u.s. technology of washington remains concerned about chinese investments in sectors like artificial intelligence immobility and robotics. it's because on this aspect of the trade dispute with the analyst and rita now the first of all how reliant on rita is the u.s. takes on chinese investment b. does it really need china i mean we're talking about silicon valley here. well chinese investment in the last year into the u.s. in the tech sector has gone down and the concerns that president trump has been expressing about these the so-called

but harley—davidson will always be america.a classic american brand with more than a century of history. but it's the future success of the company which is important not just to employees but also president trump. america first was welcomed as a positive message but the road ahead has dangers, if the president continues to push his protectionist policies. chris buckler, bbc news, milwaukee. now let's brief you on some other business stories. tata steel and thyssenkrupp are close to agreeing terms on a merger that will create europe's second—biggest steelmaker after arcelor mittal. sources in the city of london have told the bbc that the deal, which has been under negotiation for more than a year, could be concluded in the next few days. amazon has said it is buying online pharmacy pillpack for an undisclosed sum, confirming speculation it's expanding into healthcare. the news has sent shares of pharmacy chains plunging on fears of competition from the online retail giant. cvs health and walgreens boots alliance were down aroun

harley davidson says it is moving some stores out of the s.resident erdogan declares international observers ote.e objection to the understanding the migrant experience shapes our reity. how a new installation is changing perceptions of crossing the border. rswelcome to our vien public television and around the globe. when it comes to iconic america brands, me as close as harley davidson. when it comes to states helping president trump win the white house, wisconsin was k when they announced they are moving certain factories overseas because of the tariff standoff, it is a startling development inhe trade dispute. >> from the roar of the engine to the iconic image, harley davidson seemed designed to provoke a sense of americana. in the future, fewer of the bikes will be made ithe usa. wisconsin's best-known business has been targeted for tariffby the eu as part of the tit for tat trade skirmish started by president trump. although he said this, -- pres. trump: made in america. >> the company is looking to shift workers overseas. >> the europea

i was with harley-davidson, a great company from wisconsin. who has a harley-davidson? lot of you. you know, harley-davidson makes great motorcycles. they were in my office. >> our allegiance will be to the american workers. >> so here's what he tweeted today. surprised that harley-davidson of all company would be the first to wave the right flag. i fought hard for them and ultimately they will not pay tariffs selling to the eu which has hurt us badly in trait, down $151 billion. taxes just a harley excuse. be patient. what is your reaction to that? >> do i believe that hardly doing this. it was one thing i will agree with. that they are using this as an excuse to take the jobs overseas. they've shown that they've taken jobs overseas and will continue. >> i appreciate your time. the author of makers and takers, a rise of finance in the fall. harley-davidson stands to lose $100 million a year. explain to us how tariffs work. >> they're basically a tax on doing business. countries impose tariffs on other countries and it makes products imported to the u.s. from europe or

retaliatory tariffs hitting at home, harley davidson said it will move some production out of america moments ago. he says this, early this year harley davidson said they would move much of their plant operations to thailand. tha.that was long before tariffs were announced. they are using the tariffs trade war asen a as an an excuse. he goes on to say we are getting other countries to reduce and eliminate tariffs and trade barriers that have been unfairly used for years against our workers and companies. we're opening up closed markets and expanding our footprint. they must play fair or they will pay tariffs. the president talking about this this morning. futures have stabilized a bit this morning. we are looking for losses to continue for the dow industrials. the dow down 35 points right now, the nasdaq is up just about 1.5 right now. in europe this importan mornings are higher across the board. the cac in paris up a third of a percent and the dax index in germany up a fraction. in asia overnight markets were mixed as you see there, worst performer china, down 1 sl onea percent. pres

mexi is there anything he could threaten harley davidson with?avid: he could impose new tariffs but they are try wg to avoid thh outside markets. it doesn't appear there is anything in the short term other than drawing the general ire of the administration. he has been notably quiet today but probably not indefinitely. jane: thank you for joing me. we spoke too soon. we knew the administration would not be quiet for long. he has tweeted, surprised that harley davidson would be the first to wave the white flag. excuse. just an bent pat the administration confirmed is week that two military bases in texas would be used to temporarily house migrants who crossed the southern border illegally.es it cs the president continues to say the current system is broken and more needs to be done to protect the border. pres. trump: the laws are e obsolete. thlaws are horrible in terms of security and taking care of people. the laws have to be changed. jane: over the weekend, the president tweetelo "we cannot all of these people to invade our country. wh someone

harley davidson a space then the state's largest city mo walky. walker said no tariffs is good for wisconsin manufacturers and farmers. partly davidson has been relying on europe and other international markets in recent years amid declining u.s. sales. well germany's b.m.w. now says it is not considering moving production out of britain in the face of brakes it yesterday a b.m.w. executive was quoted as saying uncertainty surrounding brakes it could lead to the closures of song british factories still breaks it is taking its toll on britain's automotive industry britain's society of motor manufacturers says investment in the sector has fallen by almost fifty percent in the first half of this year due to uncertainty surrounding the process of britain leaving the european union the automotive ropey claims the government's conflicting messages on breaks it a working against calm a case. the u.s. treasury secretary steve minutiae has responded to reports about the united states crackdown on foreign acquisitions of u.s. tech deny that washington is spe

harley-davidson. we reported last night here, president trump lashing out after harley-davidson said it was moving some production overseas, because of the tariffs, they say, already having an impact on them. well tonight, the president going even further, saying harley-davidson motorcycles should never be built in another country. and he's now threatening them with new taxes. here's abc's jonathan karl tonight. >> reporter: president trump not long ago hailed harley-davidson as the ultimate american company. >> made in america. harley-davidson. made in america. >> reporter: he promised to do great things for them. >> we want to make it easier for businesses to create more jobs and more factories in the united states, and you're a great example of it. >> reporter: but now, a year and a half later, the company is getting hit hard by the president's trade war, and says new tariffs are forcing them to manufacture more bikes overseas. and now from the president, a threat. "a harley-davidson should never b

but instead of stepping on the america first bandwagon harley davidson responded by saying it would shift some production overseas. unsurprisingly that didn't go down too well with the protectionist president. fiery tweeze he wrote harley must know that they won't be able to sell back into the united states without paying a big tax trump also claims that harley davidson has decided to move jobs from kansas city abroad before the e.u. introduced. the motorcycle maker denies this is the case. among those criticizing trump's trade dispute with the european union is the governor of wisconsin where harley davidson is based scott walker tweeted that a new tire of policy would be good for wisconsin money facts or is and farmers. but as the tit for tat trades but continues there could well be more tariffs down the road. for the boys of all is on the rise that's after the u.s. says it will push for oil consumers to stop buying iranian crude. reporters it's just the latest move by america to economically isolate iran. if the united states has its way iran's oil industry will be crippled by the end

he's doing it to harley-davidson.nd i don't have a problem with him wanting a company to keep business in the united states. the part with harley-davidson is most of the business now is overseas and it is still losing business here and gaining business in europe. >> well it is interesting about harley, people forget, jake, as we put this on the big board and think about, 35 years ago ronald reagan saved harley-davidson. how did he save it? by imposing a huge draconian tariff on japanese motorcycles. tariffs from japanese motorcycles are 4%. reagan raised it to 49.4%, allowing harley-davidson to have a financial buffer, retool, fix some of the motorcycles and then compete on the global market. so they were saved by big tariffs befo the harley leadership is solidly never trumper so they don't like this president and they are moving overseas. this company was saved by tariffs now they are decrying them. >> they are different tariffs. >> different tariff but they were saved by tariffs. >> to me it is a bigger conversation

products, including harley-davidson. now, in a statement, harley made its displeasure with the current situation known. writing, we are assessing the impact on our u.s. facilities. we are hopeful the u.s. and eu governments will continue to work together to reach an agreement on trade issues and rescind these tariffs. by the way, it is not just motorcycles. products including whiskey, and typically kentucky whiskey, bourbon, juice, boats, and playing cards have been hit with this tariff hammer. with me is my old friend from cnbc, phil lebeau. he covers the auto industry, including the motorcycle industry. phil, you're an expert on this. before there was nafta, there was a free trade agreement with canada. >> right. >> before there was a free trade agreement, this was the auto pact with canada. all of this is based on the success of an integrated auto manufacturing industry. when we talk about tariffs, particularly on motorized things, this strikes to the heart of what a lot of people say is the most successful trading rel

not happy with harley-davidson and i wouldn't be either. >> harley-davidson feeling and effort by somelican lawmakers pushing legislation that would limit the pres.'s ability to unilaterally an actor of international security and threatening to block the judicial nominations until gop leaders allow a vote on that measure. and in support of the legislation, so far gop leaders advance any attempt to advance the idea so -- >> keep us updated, thank you very much. this is a fox news alert just coming in, a federal judge ordering the federal government to reunite migrant parents with children taken from the land of the trump administration family separation policy. the first read of this injection requires all children younger than 5 be reunited with their parents within 14 days and older children 5 and older returned within 30 days. and especially as they try to get something done on immigration. thanks for being with us. i know you won't be surprised to find this ruling comes in the ninth circuit in the san diego area but he essentially sounds like what the judge is saying is these kids h

this shows the disconnect from his base that he says the aura of harley davidson will go away. orry, you have never met a harley supporter. >> what's in it for the president, these sort of intrabased fights? it seems to be a giant loser for him. >> i have no idea why aura was capitalized in that tweet. there's no strategic thought process here. this is reaction. scorned was right. it's not just that he identified with this emblematic american country. but also the bikers for trump rally in d.c., like he really likes that idea of this sort of macho traditional american men mostly but women too supporting his candidacy. this is him lashing out. it's impulse. there's no one in there that could tell him, sorry, this makes no sense. >> it's disgusting but it makes sense. first of all, he will pick a fight against anybody that crosses him. he's like a mafia boss. it's that simple. what he's saying is, i'm going to decide if harley davidson is american. to you who buy harley davidson, they're not what you think they are. it will have an effect. that's the scary part. harley davidson is

harley-davidson has to look out for the best interests of harley-davidson and shareholders. i love riding my harley. lots of americans do. i don't think that's going to change. i think they're going to keep making the bikes they sell in america in america and there say lot of demand for their bike around the world and they have a huge opportunity to grow that market. my hope is they can do it from the united states of america, tax reform was a big step in that direction. but there are other factors. and this plan isn't something that just spun off as tariffs, you couldn't spin this off that fast, and it may be a contributing factor, but i think they're not going to make something this permanent over a temporary tariff. >> wow. who is to say it is temporary. christine romans went through all the numbers here and how much it would cost them to keep the production here with the new eu tariffs that are a response to the president's tariffs. republican senator ben sass says the problem isn't that harley is unpatriotic, it is that tariffs are stupid. they're a tax increase on amer

the true story is while i bought my harley davidson because i am from milwaukee, the truth is harleys, and india, and it is all about profit motive. abou a mon after this company got a huge tax break, they still closed the plant in kansas city and moved the jobs to york, pennsylvania. but a net loss of jobs 350 or so. might have convinced them they wouldn't need to open that plant in thailand. but the idea that tariffs and tough talk from the white house is going to stop globalization even for an iconic american brand, it is not happening. >> they are going ahead with this, and expressing anger at the tariffs too. what is interesting is trump loved harley davidson, obviously not someone who rode one, but nonetheless, a big fan. >> scott walker has a wonderful company called harley-davidson in wisconsin. i was with harley davidson, a great company in wisconsin. harley davidson makes great motorcycles. >> and in this administration, our allegiance is to american. >> it wasn't just a one off thing. it was again and again. maybe he wasn't aware at the time. what is the reaction where you

. >>> plus the president appears hurt by a business decision by harley-davidson, and he goes further, predicting it will hurt the harley brand among its american fan base. all of it as "the 11th hour" gets under way on a busy tuesday night. >>> and good evening once again from our nbc news headquarters here in new york. day 523 of the trump administration. we're going to have the latest about what happened in the supreme court today in just a moment, but we want to begin with some breaking political news on this tuesday primary night. it is easily the most shocking result of this political season thus far. veteran new york city democratic congressman joe crowley has gone down to primary defeat tonight at the hands of a hard-left, 28-year-old opponent named alexandria ocasio-cortez. this is her first campaign of any kind for political office. crowley has been in congress representing parts of queens and the bronx coming up on 20 years, and here's the important part. he's number four on the democratic leadership chart. crowley had aspirations to someday be speaker of the house. and afte

a is our leader right now, but harley davidson wiays be america. chris: that sounds like a real warning to donald trump. >> don't me with it. chris: there is no doubt that harley davidson is a classic americanrand with more than a century of history. but the succesof this company is important not just to employees, but to president trump. he could find his fortunes are linked to firms like harley. america first was welcomed as a positive message, but the road ahead has dangers if the president continues to push with protection t policies. chris buckler, bbc news, milwaukee. laura:th in other newse were tens clashes between house republicans and deputy attorney general rod rosenstein today as they feuded over the fbi investigation into hillary clinton and president trump. congressman jim jordan accused mr. rosenstein of hiding information from congress, a claim he denied. some house republicans have that threatened to pursue contempt charges against mr. rosenstein if he does not comply with their demands for more documents. the u.k. tolerated inexcu

when the president said with china there's going to be a little blowback. >> harley davidson is a quintessentialnd and the president has brought the harley team to the white house and praised the harley team for being this american iconic company, but when you have tariffs on steel and aluminum that means harley has to pay more for the stuff that it's importing to make its bikes, right. its motorcycles. they're exporting it to a country where there are these retaliatory tariffs. the eu motorcycle tariff up 31sts from 6% in response from the president's tough trade rhetoric and policies. the cost of $2200 per bike to export, europe is a big growth market, second largest market overall. it's going to move production, move production, that will mean jobs in wisconsin, move production somewhere else over the next 18 months to compensate for that. harley davidson believes the tremendous cost increase if passed on to its dealers and retail customers would have an immediate and lasting detrimental impact to its business in the region. this is what happens when you start messing around with tariffs. com

one of these motorcycles is a big 1000cc harley—davidson... days of easy riding are now long behind. sales in the united states have slumped and customers in other countries have become much more important. until you have been on a harley—davidson, you have not been on a motorcycle. but just last week, the firm was warning to get on one of their bikes in europe would inevitably cost more. translation: of course this will impact on price. we will try to make this as painless as possible, but no company can foot this alone. in the short—term, harley—davidson now says that it intends to absorb the extra costs of $2200 for each motorcycle. that could amount to $100 million a year. but the longer—term plan of taking production out of the us is worrying some republicans. yet donald trump seems determined to move ahead, even if that looks like america going it alone. chris buckler, bbc news, washington. let's brief you on some of the other stories making the news. state media in syria says israeli missiles have struck an area close to damascus intern

good to harley-davidson and they used it as an excusend i think the people that ride harleys are not happy with harley-davidson and i wouldn't be either. reporter: now the top trade minister for the eu said today this is a "unfortunate consequence" that is taking place but the european union laid out in advance just exactly what they would do including tariffs on motorcycles they were targeted because that specifically hits wisconsin, the home state of the house speaker paul ryan. ryan said today he feels that tariffs are essentially taxes. the president though seemed very comfortable with the rising stakes. president trump: tariffs can be a very positive thing. >> i don't think tariffs are the right way to go. they're basically taxes. reporter: now the president also sent this warning to the to the european union tweeting out we're finishing our study of tariffs on cars from the eu, and they've long taken advantage of the u.s. in the form of trade barriers and tariffs. in the end it will all even out. the president suggested maybe there needs to be a 25% tariff on autos coming into

motorcycle maker harley davidson announced it was moving some of its production overseas to avoid steep tariffs imposed by the european union the e.u. action came after president donald trump slapped tariffs on european steel and aluminum harley davidson says it sold forty thousand motorcycles in europe last year it's not yet clear how many workers will lose their jobs trump tweeted surprised that harley davidson of all companies would be the first to wave the white flag asked about the wisconsin based manufacturers decision white house spokesperson sarah sanders defended trump's trade policies the european union is attempting to punish u.s. workers with unfair and discriminatory trade policies and president trump will continue to push for free fair and reciprocal trade and hopes that the e.u. will join us in the meanwhile soybean farmers in the midwest are dreading the prospect of china taxing their product in retaliation for trump's tariffs on chinese goods futures are already at their lowest in nearly a decade to export twenty five percent of your products any time your stock start t

paints a far different picture of the compa e he'sraced and praised publicly. >> thank you, harley-davidson for building things in america. s know your business is now doing well, i a lot of spirit. >> outgoing speaker paule ryan whistrict borders harley's headquarters in milwaukee, ac d to the news saying this is further proof of the harm frra unila tariffs. the best way to help american workers, consurs and manufacturers is to open new markets for them, not to raise bawniers to our market. this is the latest head wind for harley-davidson. business has been slumpingceere nou.s., where it sells two thirds of its bikes. competition has stiffened in asia, where the comny is preparing to open a new plant in thailand. and in the next twos, ye harley-davidson plans to expand its production overseas. elp itin theory could limit the cost of tariffs. all while diversifying its manufacturing footprint. phil lebeau, nightly business report, chicago. >>> shares of carnival sink the most in more than two years. that's where we begin tonight's market focus. the cruise line operator slashed its full year

announcement, the president tweeted, surprised that harley-davidson of all companies would be the first to wave the white flag adding, taxes just a harley excuse, be patient. house speaker paul ryan, who is from harley-davidson's home state of wisconsin, said in a statement that the company's action is further proof of the harm from unilateral tariffs and the best way to help american workers and companies is to open new markets, not raise barriers. but the white house is defending the president's position. >> the president's trade and economic policies have been a huge benefit to the american economy. the european union is attempting to punish u.s. workers with unfair and discriminatory trade policies, and president trump will continue to push for free, fair and reciprocal trade in hopes that the eu will join us in that. >> and before the tariff dispute harley-davidson was struggling. the company closed a plant in kansas city last year laying off hundreds of workers. >>> a raging wildfire in northern california has now destroyed at least 22 homes and buildings. the so-called pawnee fir

>> i am happy with harley davidson andt. my presid >> motorcycling had been rusuffering before came along. chris but the tariffs will cause : a lot of hassle. >> it is, but it will cause everother business hassle. as an american consumer it will st me, too. it does not matter if i'm working or buying consumer. i'm going to be screwed. chris: harley says it needs ton move productroad to avoid the tariffs imposed as part of te international trade battle started by presidemp. he was in wisconsin at a new electronics factory that is expected to create thousands of jobs. but the roar over harley was always going to overshadow his visit, ande made a direct appeal to the company. pres. trump: harley davidson, please build those beautiful motorcycles in the u.s. ok? don't get cute with us. don't get cute. build them in the usa. your customers won't be happy if you don't, i will tell you that. chris: many here got fired up about donald trump's campaign for the presidency.in buhis swing state, he needs to keep those supporters onboard

i don't know how they can criticize harley-davidson.f the steel and the aluminum tariffs to put the numbers up a bike now in europe cost more than $2,000 more than it would before the tariffs. so you know, it's a tough situation. a great american company. you have to do business where you can do business. right now it doesn't make sense to make a bike here and ship it overseas, which is what they've done for years. >> shepard: jeff, harley people went into a good bit of detail about how much money this will cost the company and for the time being they're not going to pass it on to consumers. >> right. because they can't. keep in mind, we're talking about bikes in the european union right now. the ones behind me at this shop here will not be affected. but if you make bikes here and ship them to europe, that's where the tariff bites. to put some other numbers up that puts this in perspective on how important it is to harley, the u.s. market has been shrinking. sales in the u.s. down double digits. in europe, it's a growing market. millenn

what is harley-davidson doing? >> in this s.e.c. filing from today, we're learning about what harley-davidson is doing. it is going ahead and shifting production of its motorcycles it makes for european customers literally moving it out of the united states and setting up shop overseas to avoid the tariff. and ultimately save money and customers. now, we learned that harley-davidson is making this drastic move to literally hold on to its second biggest sales market. that's europe. this is after the eu raised tariffs from 6% to 31% on motorcycles that are exported from the u.s. harley says the tariff raises the price by about $2200 on every motorcycle that sold in europe. that cuts its competitive strength in europe if their motorcycles are more than what is already on the market. so you look at the security filing, harley-davidson said this, it said it believes the tremendous cost increase, if it is passed on to its dealers, and retail customers, it would wind up having an immediate and lasting detrimental impact to its business in

late today president trump tweeted surprised harley-davidson would be the first to wave the white flag. i fought hard for them and ultimately they will not pay tariffs selling into the e.u. the wall street slide today harley stock lost 6%. it's not just harley affected by the tariffs and counter tariffs it's cheese to nails to cranberries to of all things, movie theater seats. chuck reid f higher steel prices will force his prices higher costing him valuable customers. but he's reluctant to move manufacturing overseas. >> the price when you sell to a theater is paramount. if we don't keep the cost down they will look for alternative resources. >> reporter: governor scott walker urged all sides to pull back. >> get rid of all the tariffs out there. >> reporter: as a threatened trade war threatens classic american jobs. tom costello, nbc news, frederick, maryland. >>> here in california the governor declared a state of emergency today in northern lake county after a fast-moving wildfire forced 3,000 people from their homes. the pawnee fire destroyed 22 structures and threatens hundreds m

, india where harley-davidson doesn't have to deal with these tariffs. is what harley is saying, they believe if the cost increase is passed on to its dealers and retail customers would have an immediate and lasting detrimental impact. the cost of each bike would rise by $2200 per bike. does that mean the cost per bike to buy goes up? >> that's the first thought. they disclosed that they will not be passing the cost along to consumers. they are absorbing the cost, which is why you see the stock tanking today, down 7%, it's going to be affecting their bottom line. >> you were saying something interesting about how harley-davidson is one of those few companies who's been to the white house. >> correct. >> not once, but twice. >> exactly. >> why is that significant? >> because trump has been parading harley-davidson executives, engineers, bikers themselves as a relic of, this is what american made looks like, and i think this is a huge testament to the fact that his policy has -- his tax policy is in direct contrast to these new tariffs that are being impos

the people that's riding harleys are not happy with harley-davidson but i would not be either. mostly companies are coming back to our country i was the one explaining to harley about 100% tax in india where they had a tariffs of 100% i got it down to a much lower number it is 50% which is far too much. they were paying 100% tariffs. now prime minister mody brought it way down but it is still too high i will say this, other countries are negotiating and without tariffs you can never do that. if they don't want to negotiate, we'll do the tariffs just remember we are the bank that everybody wants to steal from and plunder and can't be that way anymore we lost $500 billion last year with china we lost $151 billion with the european union it is hard to send cars in we have countries as an example in india, they charge up as much as 100% tariffs. we want the tariffs removed. what i would le to do and offered at the g-7, you remember, i said let's drop all tariff and all barriers. is everybody okay with that? nobody said yes so wait a minute, folks, you are complaining no tariffs and

a month after he took office he had harley-davidson over and now he has a fight going on with harley-davidson the speaker who is from wisconsin, harley-davidson based in wisconsin. a lot of unhappy folks. >>> coming up, our preparations are underway for a potential meeting between president trump and the russian president vladimir putin. so what is on the agenda? >>> plus after a summit that produced a handshake but few specifics, u.s. officials are trying to nail down some tangible commitments from north korea. you always get the lowest price on our rooms, guaranteed?m let's get someone to say it with a really low voice. carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go? nice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at choicehotels.com just for a shot. with neulasta onpro patients get their dayr back to be with family, or just to sleep in. strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection fr

i have been very good to harley davidson and they used it as an excuse. think people who ride harleys are not happy with harley davidson and i wouldn't be either. charles: the president slamming harley davidson's plans to move manufacturing overseas. i have been pounding the table that management is moving their manufacturing to thailand and using the ex kiewstles tariffs as an excuse that was planned a long time. they hope by 2027 they hope half of it comes from outside of this country. i think it's very dangerous to allow themselves to be used as political pawns when the administration is trying to fix a problem they think is unfair. in this case we are talking about tariffs. shelby holliday, and katrina pierson from 2020 campaign senior advisor. the data is out there. they filed for this a long time ago. you don't think about opening a plant in a different one think overnight. it wasn't the european tariffs. they got a lot of heat when they announced closing a kansas city plant losing 800 jobs. but it backfired. >> it absolutely backfired. look at their

another a few american symbols more iconic than the harley davidson motorcycle. i . i. very soon could all come to an end president donald trump has now lashed out at a motorcycle maker over holley davidson's plans to shift production away from its united states base. harley davidson is using deficit excuse and i don't like that because i've been very good at arlington which you know they use that as an excuse and i think the people that right are always are not happy with harley davidson and i wouldn't be either but mostly companies are coming back to work. on twitter trump even threaten the company saying that if harley davidson doesn't move it will be the beginning of the end and they'll be taxed like never before harley davidson of course planned to move some of their manufacturing to europe to avoid newly imposed e.u. tariffs when exporting to the continent the company says the move will save nearly one hundred million dollars per year in taxes. and the backdrop to that story of course the e.u. recently slapping import charges on american goods including most of wor