Harley-Davidson Boycott is Being Supported by President Trump

President Trump took to his Twitter over the weekend and wrote, “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.”

In response to consumers boycotting the motorcycle maker, President Trump thinks its “great.”

In response to new tariffs, Harley-Davidson has said that it could lose much as $100 million a year and has said it would shift some of its production abroad so that it could avoid the added tariffs on motorcycles sold in the EU.

Many U.S. consumers were angry at the news, as well as President Trump.

CNBC’s Jim Cramer remarked, “I feel bad for Harley-Davidson, because they are not getting a break.”

He added, “I don’t think people realize the kinds of tariff pressures they [foreign countries] put on our companies that try to sell heavy equipment and anything over there. The tariffs are insane. I wish the president would use an example that this [trade war] is forced by our so called allies.”

Disclaimer: We have no position in Harley-Davidson Inc. (NYSE: HOG) and have not been compensated for this article.