Harley-Davidson punitive tariffs suspended until 2025!
EU and USA extend trade deal | Harley-Davidson punitive tariffs suspended until 2025!
In a significant step towards defusing the Trade disputes have the European Union and the United States decided to extend their deal to settle the conflict over steel and aluminum tariffs until March 31. 2025 to be extended. This decision also concerns the suspension of the EUSpecial duties on some US products, including Harley-Davidson motorcycles.
The special tariffs were originally introduced in response to the tariffs imposed by the US government under President Donald Trump in 2018 imposed on steel and aluminum imports from the EU. These retaliatory measures had a significant impact on companies such as Harley-Davidson, that export their products to the EU.
The latest extension of the deal is a clear sign of both sides' willingness to find a long-term solution to this long-standing trade conflict. The suspension of tariffs will not only Harley-Davidson, but also bring considerable relief to other affected US exporters and strengthen trade relations between the EU and the USA.
For Harley-Davidson this development means a welcome respite. The company has suffered from the additional costs and competitive pressure caused by the tariffs. Now Harley-Davidson can count on undisturbed access to the European market until at least 2025.
This step also underlines the continued commitment to free and fair trade that complies with the rules of the World Trade Organization. It is to be hoped that the extension of the deal will facilitate a lasting solution to the trade dispute.
Source: EU Official Journal / Text: Harleysite
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