The logo of US motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018.
President Donald Trump, who has criticized Harley for its plans to shift some USA production overseas, weighed in after the results to say European Union tariffs on the manufacturer were "unfair" and vowed to reciprocate, without giving details.
The US President had previously criticised the US bike maker for its plans to shift American production overseas to avoid European Union tariffs. His latest comments, meanwhile, appeared to be more sympathetic to the motorcycle company.
Last June, the European Union imposed tariffs on a raft of US-made goods in retaliation for duties the White House had placed on imported steel and aluminium.
In June, Harley-Davidson announced it was shifting some manufacturing capacity overseas as "the only sustainable option" following punitive import duties of 31 percent in the European Union from the prior six percent.
He ended the tweet by saying: "So unfair to US". "They've had to move production overseas to try and offset some of that Tariff that they've been hit with which will rise to 66% in June of 2021".
The raised tariffs would add approximately $2,200 to the cost of a motorcycle.
Trump retaliated by calling for higher taxes, threatening to lure foreign motorcycles to the United States, and backing a boycott of the iconic American motorcycle maker.
The company said it found 278,000 "new riders" in the USA in 2018 and that "this group is the most diverse across age, ethnicity and gender in all the years Harley-Davidson has tracked this data".
The president went so far as to call for a boycott against the motorcycle company in June. A really bad move!
US President Donald Trump said the tariffs imposed by the European Union on Harley-Davidson were "unfair" after the American motorcycle manufacturer posted a almost 27-percent drop in first-quarter profit.
Similarly, China's tariffs on the bikes exported from the USA have increased to 55 percent from 30 percent as a result of the trade war between the world's two biggest economies.
Overall sales, however, continued to fall. Worldwide sales fell 3.8 per cent in the first quarter, with the U.S., down 4.2 per cent, hitting particularly hard.
The company's net income fell 26.7 percent to $127.9 million in the quarter, while revenue from motorcycles and related products fell 12.3 percent to $1.19 billion, roughly in line with forecasts.