Harley, which has been criticized by President Donald Trump for its plan to shift some U.S. production overseas, has been battling the effects of global trade wars on its business while sales at home dwindle as its core customers age.Earlier this year, Harley said retaliatory import duties imposed by the European Union on its bikes would cost the company between $100 million and $120 million in 2019.
It still reported a 24 per cent drop in quarterly profit, but excluding items the company earned 70 cents per share, beating analysts’ expectations of 52 cents per share.International retail sales rose 2.7 per cent to 23,619 motorcycle in the third quarter, the first rise in a year.
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