Harley-Davidson Profits Wiped Out by EU Tariffs

Harley-Davidson faced significant financial challenges due to increased tariffs, which led to a drop in earnings per share. The company plans to move some production overseas to avoid EU tariffs, despite criticism from President Trump. Sales have been declining, particularly in the US, indicating broader issues beyond tariffs. Harley-Davidson is expanding its Thailand plant to boost exports to the EU and China, with hopes of improving sales by the end of the year.

What was the adjusted earnings per share for Harley-Davidson, and how did it compare to estimates?

• $0.29, below the estimate of $0.50

• $0.29, matching the estimate

• $0.17, below the estimate of $0.29

• $0.17, above the estimate of $0.10

Why did Harley-Davidson decide to move some of its production overseas?

• To reduce labor costs

• To sidestep EU's retaliatory tariffs

• To improve product quality

• To increase production capacity

What was President Trump's reaction to Harley-Davidson's decision to move production overseas?

• He remained neutral

• He supported the decision

• He called for a boycott

• He offered tax incentives

What percentage did U.S. retail sales fall in the last quarter mentioned?

• 20%

• 15%

• 5%

• 10%

What does the eighth consecutive quarterly drop in sales suggest about Harley-Davidson's challenges?

• Sales are improving

• There are broader issues beyond tariffs

• The company is unaffected by tariffs

• Tariffs are the only issue