Sport-Touring.Net - How Harley Davidson has killed itself

They actually did a story regarding aluminum tariffs on CTV news a while back.

So they highlighted a manufacturer in Florida who makes those aluminum pontoon boats. His largest customer is Ontario who used to buy these things like they were going out of style. He bought the Aluminum out of Canada which was their nearest supplier of the raw aluminum required. There is no US aluminum supplier that makes the raw aluminum he uses as most of the US aluminum market is geared toward manufacturing the final product.

So Trump's Tariffs which anyone with a brain knows that the country in question "Canada" does not pay these tariffs. They are passed down the line to the final cost of the product which really the customer pays for. (meaning you & I)

Well, Trump's aluminum tariffs drove the price of his rather expensive pontoon boats up about $8,000.00 USD. Before the Tariffs the manufacturer claims, was sort of the maximum price he could get for one of his boats. Any more, and his customer base realized that they really could get by without a party boat as the dollars involved would give the buyer many other options for a toy purchase. The result was his business collapsed as the tariffs drove the price of his boats higher than anyone would pay. His market in Canada went from a booming business to almost zero. In fact, the owner does not feel he will be around much longer. At the point the TV story was done, he had laid off a large portion of his staff.

Topic: How Harley Davidson has killed itself (Read 805 times)