EU Drops Punitive Harley Tariffs
The process of tariff dispute resolution between the United States and the European Union that was set in play back in June has now concluded with a comprehensive agreement to terminate the imposition of tariffs on a range of products, including exports to USA and Harley-Davidson motorcycle exports to the European Union.
In a statement issued on October 30th, based on outcomes at the latest G20 summit held in Rome, Italy, Harley has stated that it extends its thanks "to the U.S. Administration for reaching a solution to the 232-tariff dispute."
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| Jochen Zeitz, Chairman, President and CEO |
Jochen Zeitz, Chairman, President and CEO of Harley-Davidson is quoted as saying that the news was a "big win for Harley-Davidson and our customers, employees and dealers in Europe. Our thanks go out to President Biden, Secretary Raimundo and the U.S. Administration for their efforts in this negotiation.
"We are excited that this brings an end to a conflict that was not of our making, and in which Harley-Davidson had no place. This is an important course correction in U.S./EU trade relations that will allow us to further Harley-Davidson's position as the most desirable motorcycle brand in the world."
The company went on to state that it "remains committed to free and fair trade and is focused on remaining globally competitive in the interests of all its stakeholders, ensuring its customers around the world have access to its products."