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Share this article Share this article 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.

Jochen zeitzEconomic ministry of belgiumHarley davidson motor companyHarley davidson financial servicesEuropean unionHarley davidson incCompany backgroundInternational economyPrnewswire harley davidson incEconomic ministryBinding origin informationFrom juneDirector generalEconomic analysisFederal public service economyImplementing decision