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Market Analysts see Harley-Davidson Inc. [HOG] gaining to $55. Time to buy?

Market Analysts see Harley-Davidson Inc. [HOG] gaining to $55. Time to buy?
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Harley-Davidson Warns of Trade War with EU Following Huge Tariff Increase

Harley-Davidson Warns of Trade War with EU Following Huge Tariff Increase
20 Apr 2021, 15:25 UTC ·
by
Just as Chief Executive Jochen Zeitz was announcing “strong financial results” for the first quarter of 2021, Harley-Davidson faces a serious blow. The European tariff for all of their products is now increased to an all-time high of 56%. But the all-American motorcycle brand is not about to submit to that.
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It looks like Harley-Davidson gets all the love, but not from EU officials. It probably came as a surprise to the entire industry when news broke out that European Union s new ruling drastically increases import tariffs for Harley, by revoking the previous Binding Origin Information (BOI) credentials. ....

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Harley-Davidson, Inc. To Vigorously Defend Its Position Following Aggressive EU Tariff Ruling

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MILWAUKEE, April 19, 2021 /PRNewswire/ Harley-Davidson, Inc. ( Harley-Davidson ) (NYSE: HOG) has received notification from the Economic Ministry of Belgium, that following a request from the European Union (E.U.), the company would be subject to the revocation of Binding Origin Information (BOI) credentials, effective April 19, 2021.
Harley-Davidson will be lodging an immediate legal challenge to this decision
.
Since 2019, the company has operated with BOI regulatory credentials, allowing it to supply its E.U. markets with certain motorcycles produced at its international manufacturing facilities at tariff rates of 6%.
The E.U. s new ruling will apply to the entire Harley-Davidson product portfolio and will effectively prohibit the company from functioning competitively in Europe. From June 2021, all Harley-Davidson products, regardless of origin, will be subject to a 56% import tariff within the E.U. ....

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Harley-Davidson earnings jump but proposed 56% EU tariff could severely disrupt sales

Harley-Davidson earnings jump but proposed 56% EU tariff could severely disrupt sales
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Harley-Davidson delivers strong first quarter financial results and raises full-year financial guidance

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MILWAUKEE, April 19, 2021 /PRNewswire/ Harley-Davidson, Inc. ( Harley-Davidson ) (NYSE:HOG) today reported first quarter results.
I am very pleased with the pace of recovery that we have seen across our business, as demonstrated by the strong financial results this quarter. The actions we have taken to reshape the business are having a positive impact on our results, especially for our most important North American region, said Jochen Zeitz, chairman, president and CEO, Harley-Davidson.
We can see the initial signs of consumer excitement and optimism returning and I am confident Harley-Davidson in 2021 is a significantly leaner, faster, and more efficient organization which is ready to win and successfully deliver on our 5-year Hardwire strategy, as the most desirable motorcycle brand in the world. ....

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