Because of President Trump’s trade tariff tantrums, Harley-Davidson (HOG) may be forced to build its motorcycles destined for the European market over in Europe, itself…thereby cannibalizing its American jobs in the process.
Price has broken below several important support levels that I described in my post of March 2 and dropped over 6 % today…it sits just above major price support at 40.00, as shown on the monthly chart below.
This may just be the beginning of a great migration of businesses out of the U.S. if Trump continues his hard line on trade.
So much for this company as being hailed as an American icon, thanks to Trump’s whims.
Trump’s former praises all done for show?
