Harley-Davidson says retaliatory tariffs will have a 'significant impact' on sales

Employees lift a motorcycle up to the shipping area on the assembly line at the Harley-Davidson Inc. manufacturing facility in York, Pennsylvania, U.S., on Tuesday, Nov. 3, 2015.
John Taggart | Bloomberg | Getty Images

Harley-Davidson said on Monday that a punitive, retaliatory tariff on its motorcycles in any market would have a "significant impact" on its sales there.

The European Commission's president last week threatened to impose tariffs on Harley-Davidson motorbikes if U.S. President Donald Trump followed through on a plan to impose global duties on aluminum and steel.

Harley said in a statement that it supports free and fair trade, and the proposed U.S. import tariffs will drive up costs for all products made with aluminum and steel, regardless of their origin.