NEW YORK ¨C As one Trump administration trade policy backfires, another looks set to.
On Monday, Harley-Davidson Inc. said it would shift some production out of the United States in order to mitigate the impact of European Union tariffs targeting its motorcycles. Those penalties ¡ª which Harley-Davidson estimates may cost it as much as $100 million annually ¡ª were in response to U.S. levies on steel and aluminum imported from the European Union.
Meanwhile, the Treasury Department is reportedly planning to aim a bazooka at a Chinese takeover problem that doesn¡¯t really exist anymore by declaring a national economic emergency. What¡¯s more troubling is a reported plan to crack down on exports of key U.S. technologies.
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