Trump’s tariffs on steel and aluminum will cost Harley up to $20 million this year, with European Union retaliation adding perhaps an additional $45 million, the company said.

Trump’s sudden feud with Harley — an American manufacturer he feted at the White House just last year — pitted a company driven by financial calculation against a businessman president who takes a deeply idiosyncratic and emotional view of global commerce…

While the president complained Tuesday about Europe’s trade barriers, he has not pursued negotiations toward a new treaty that might have eliminated those facing Harley. The E.U. and Japan, meanwhile, have concluded a trade partnership that will give Harley’s Japanese rivals better access to the European market.