Statement from Harley-Davidson On EU Tariff Resolution

Rhea-AI Summary

On October 30, 2021, Harley-Davidson (NYSE: HOG) expressed gratitude to the U.S. Administration for resolving the 232-tariff dispute, which is seen as beneficial for the company and its stakeholders. CEO Jochen Zeitz highlighted the resolution as a significant win for Harley-Davidson and emphasized the importance of fair trade to enhance the brand's global competitiveness. This development aims to solidify Harley-Davidson's position as a leading motorcycle brand, ensuring access to products for customers worldwide.

Positive

• Resolution of the 232-tariff dispute is a significant win for Harley-Davidson.
• Improves U.S.-EU trade relations, benefiting Harley-Davidson's global position.
• Reinforces commitment to free and fair trade, enhancing competitiveness.

Negative

• None.

MILWAUKEE, Oct. 30, 2021 /PRNewswire/ -- Responding to today's announcement from President Biden, Harley-Davidson, Inc. ("Harley-Davidson") (NYSE: HOG) extends its thanks to the U.S. Administration for reaching a solution to the 232-tariff dispute.

Jochen Zeitz, Chairman, President and CEO of Harley-Davidson:
"Today's news is a big win for Harley-Davidson and our customers, employees and dealers in Europe. Our thanks go out to President Biden, Secretary Raimundo and the U.S. Administration, for their efforts in this negotiation. We are excited that this brings an end to a conflict that was not of our making, and in which Harley-Davidson had no place. This is an important course correction in U.S.-EU trade relations, that will allow us to further Harley-Davidson's position as the most desirable motorcycle brand in the world."

Harley-Davidson remains committed to free and fair trade and is focused on remaining globally competitive in the interests of all its stakeholders, ensuring its customers around the world have access to its products.

Company Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. www.harley-davidson.com.

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SOURCE Harley-Davidson, Inc.

FAQ

What does the recent announcement from Harley-Davidson on October 30, 2021, mean for stock symbol HOG?

The announcement signifies a resolution to the 232-tariff dispute, which is expected to positively impact Harley-Davidson's market position and stock performance.

How does the resolution of the tariff dispute affect Harley-Davidson's business?

The resolution is seen as beneficial for Harley-Davidson, enhancing its competitiveness and fostering better U.S.-EU trade relations.

Who is the CEO of Harley-Davidson?

The CEO of Harley-Davidson is Jochen Zeitz.

What impact does the tariff resolution have on Harley-Davidson's stakeholders?

The resolution is regarded as a win for customers, employees, and dealers, potentially improving overall business conditions.