President Donald Trump turned Harley-Davidson Inc. into a global trade issue in his address to Congress, saying barriers made it “very hard” for the Milwaukee motorcycle manufacturer to do business overseas.
It is hardly impossible, though, as the company’s recent push into international markets reveals. Harley-Davidson this year announced the goal of expanding its foreign business to 50% of annual volume, up from 38% currently. A decade ago, overseas sales accounted for 22% of Harley’s business.
At least two countries—India and Indonesia—currently impose import tariffs on Harley's motorcycles of 100% or more.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”