UPDATE 2-Harley-Davidson strikes deal to build smaller bike in China

Harley-Davidson Inc will partner with China’s Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark “big hogs”, making good on promises to move more production outside the United States that have angered President Donald Trump. Trump last year threatened to impose higher taxes on Harley after it made plans to move production for European customers overseas, part of a longer-term strategy for dealing with lower sales in the U.S. and higher costs because of trade tariffs. The partnership Harley outlined on Wednesday is aimed both at taking a bigger chunk of China’s huge bike and moped market, while also fitting in with a plan to cut costs and source half of all sales outside the United States by 2027.

Source: Yahoo.com