Trump Takes Aim At India's High Taxes, Highlights Harley-Davidson's Struggles
Portfolio Pulse from Arpit Nayak
Former U.S. President Donald Trump has criticized India's high taxes on U.S.-made products, particularly Harley-Davidson motorcycles, and vowed to impose reciprocal taxes on India if he wins the 2024 presidential elections. Harley-Davidson recently launched a premium motorcycle in India via a partnership with Hero MotoCorp, and plans to make more motorcycles in India for export.
August 23, 2023 | 11:23 am
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NEUTRAL IMPACT
Harley-Davidson's sales in India could be affected by high tariffs. However, the company's recent partnership with Hero MotoCorp and plans to increase production in India could mitigate this impact.
Harley-Davidson's sales in India could be negatively impacted by the high tariffs that Trump criticized. However, the company's recent partnership with Hero MotoCorp and its plans to increase production in India could help it avoid these tariffs and potentially increase its sales in the country. Therefore, the short-term impact on Harley-Davidson's stock price is uncertain.
CONFIDENCE 80
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RELEVANCE 100