Tuesday, June 26, 2018

Running Harley-Davidson Out

HARLEY DAVIDSON, as iconic an American company as there is, with three manufacturing plants across America, and the most bad ass motorcycles in the world, is moving out of the country, mainly to India, where labor is cheap but mechanical expertise high. The company can no longer afford to send bikes directly from the U.S. to Europe, because of the new retaliatory tariffs America's allies are raising against the U.S., in response to Trump's attempted trade war. The president, who ran for president claiming that under his leadership American companies would start to flood back into the country from abroad, seems to have gotten it backwards in this instance. Mr. trump campaigned on a platform of Jobs! Jobs! The plan was to create them by cutting taxes on the corporate wealthy, the theory being that the corporate wealthy, their pockets flush, would immediately invest their tax savings in hiring new workers and raising wages, and also would motivate American companies to return home from overseas, being attracted by the suddenly lower taxes. None of this, so far, has happened, and the lower tax rate has been in place for six months. Trump's new tariff war is the final straw in bringing economic growth to a sudden stand still. Harley Davidson visited the White House, rolled out some beautiful bikes onto the front lawn, and President Trump swore up and down that Harley was his kind of company. Now, Harley is heading out, of the country. How ironic, that the very policies Trump promised would keep jobs and companies here, and create new ones, have instead driven out of the country his all American company. Thousands of jobs have been lost already. how many more will there be, as corporations bail out of America to avid being hurt by tariffs?

No comments:

Post a Comment