Harley-Davidson Inc. cut its forecast for profit margin this year, adding to its predictions of damage done by President Donald Trump’s trade war.
Operating margin will drop to between 9 percent and 10 percent this year due to the expected impact of tariffs, the Milwaukee-based manufacturer said in a statement Tuesday. The company had been projecting a margin of as much as 10.5 percent…
The EU tariffs, which came in retaliation to Trump’s steel and aluminum levies, will cost about $2,200 per motorcycle shipped to Harley’s second-biggest market, the company estimated in a June 25 filing. The manufacturer hasn’t specified which of its overseas plants will begin producing bikes for European riders.
