EU Hits Harley-Davidson Hard With 56% Tariffs on All Bike Imports

Just as Harley-Davidson (NYSE: HOG) looked like it was ready to hit the highway again after reporting strong first-quarter numbers, European regulators are trying to run it off the road by slapping the motorcycle maker with exorbitant new tariffs that will push the total rates to 56%. While the trade war between the U.S. and much of the rest of the world hasn't been forgotten, it was pushed to the rear burner in the wake of the global pandemic. Harley reported its best U.S. sales in five years, selling 30,983 motorcycles in the first quarter, a 30% increase from the year-ago period, and 79% better than the fourth quarter.