ANDERSON, SC—Electrolux, which is in the process of expanding its refrigerator assembly plant here, has applied for an exemption to the tariffs being imposed on products from China.
WASHINGTON—President Donald Trump, using Twitter again to criticize a company he once hailed as a “true American icon,” gave his backing to a boycott of Harley-Davidson motorcycles if the company moves some production out of the U.S.
SEOUL—Hyundai Motor Co.’s labor union has warned that the 25 percent automotive tariffs being considered by President Donald Trump could jeopardize 20,000 factory jobs in Alabama.
WASHINGTON—Prices of new cars and trucks could jump by several thousand dollars in the U.S. if President Donald Trump follows through on his threat to raise tariffs on imports.
MILWAUKEE, WI—Harley-Davidson, stung by new tariffs, said on Monday that it will shift some motorcycle production to factories outside the U.S. According to CBS News, the motorcycle manufacturer is shifting production of motorcycles heading to Europe from the U.S. to overseas factories because EU tariffs on its motorcycles exported from the U.S. have surged from 6 percent to 31 percent.
In January, President Donald Trump traveled to Davos, Switzerland, to speak at the annual World Economic Forum (WEF). His message: "America is open for business."
WASHINGTON--The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index slipped to 59.3 last month from February's reading of 60.8, which had been the highest since 2004. Any score above 50 signals growth.
Last month, I wrote about the Trump administration's decision to impose tariffs on imported washing machines. As with much of what this administration has done so far, there were no shortage of opinions one way or the other, and I received many comments.
