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Trump backs boycott of Harley Davidson in steel tariff dispute

Reuters  |  WASHINGTON 

By Ginger Gibson

WASHINGTON (Reuters) - backed boycotting American on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on

The Wisconsin-based announced a plan earlier this year to move production of motorcycles for the from the to its overseas facilities to avoid the tariffs imposed by the trading bloc in retaliation for Trump's duties on and aluminum imports.

In response, Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the to increase competition.

"Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas. Great! Most other companies are coming in our direction, including Harley competitors. A really bad move! U.S. will soon have a level playing field, or better," Trump said in a post.

Harley Davidson has repeatedly declined to comment on Trump's remarks over the course of the dispute. The company could not be immediately reached for comment on Sunday.

Harley has forecast that the EU tariffs would cost the company about $30 million to $45 million for the remainder of 2018 and $90 million to $100 million on a full-year basis.

Trump met Saturday with a group of bikers who support him, posing for pictures with about 180 bikers at his golf resort in Bedminster, New Jersey, where he is on vacation.

Motorcycle companies based outside the include Japan's and Yamaha Corp, Europe's and as well as India's Hero MotoCorp Ltd, Bajaj Auto Ltd, among others.

(Reporting by Ginger Gibson; editing by Grant McCool)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, August 12 2018. 20:32 IST