Trump Drives HOG Out Of U.S.
Candy Matheson | Jun 25, 2018 03:05PM ET
Because of President Trump's trade tariff tantrums, Harley-Davidson (NYSE:HOG) may be forced to build its motorcycles destined for the European market in Europe, 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 by over 6% today as it sits just above major price support at 40.
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 being hailed as an American icon, thanks to Trump's whims.
U.S. and world markets aren't too happy today, possibly over trade worries.
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