President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Harley-Davidson riders in Europe don't care whether the iconic American motorcycles are made in the United States, custom motorcycle builder Alan Stulberg told CNBC.
"They’re concerned more about the pricing of the model as it compares to other options available in Europe," said Stulberg, co-founder of Revival Cycles, a motorcycle shop based in Austin, Texas, that restores vintage bikes and sells custom-built bikes starting at around $115,000.
"What [Harley-Davidson riders] are buying is the heritage of America-built," Stulberg said Thursday on "Squawk Alley. " "But it being made in America isn’t really a priority."
Just two days earlier, President Donald Trump taunted Harley-Davidson on Twitter, saying, “Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move - sales are down 7% in 2017. The U.S. is where the Action is! "
Full-year sales of Harley-Davidson motorcycles declined 7.2 percent in 2017, compared with the previous year. The iconic American motorcycle company's U.S. retail motorcycle unit shipments also dropped 10.5 percent in the same time period. Meanwhile, sales of less expensive Japanese motorcycles, such as Honda, Kawasaki, Suzuki and Yamaha, as well as stylish Swedish bikes, increased.
But a combination of aging Harley riders and changing consumer preferences appears to be responsible for Harley-Davidson's sales decline in recent years — not the consumers' desire to buy made in America.
Kelly Yun of Minneapolis said it was her "love of riding" that motivated her to buy her Harley.
"I was in Ecuador and saw Harleys," she told CNBC. "I thought, that's great. It's kind of like a German car in the United States. I wouldn't care where it was made."
"This isn't a new thing for them," he said.
On June 25, the company said it was moving some of its production overseas to avoid EU tariffs. Harley-Davidson said the tariffs would increase the average cost per motorcycle sold in Europe by about $2,200.
Trump quickly showed his disapproval through a series of tweets.
Ken Schmidt, former director of communications at Harley-Davidson, said the company is "being chastised for doing something that any company in its position would do."
"[Harley-Davidson] is just working to protect the franchise," Schmidt said Thursday on "Squawk Alley." "[It's] working to keep the flow of product moving into, in this case, the European Union, its second-largest market, and to sustain its business. Any company would make those decisions. So, to be singled out as having done something wrong or something that is anti-American ... it just smells bad. "
Harley-Davidson would not comment on Trump's tweets or its declining sales. But Michael Pflughoeft, communications director for the company, confirmed that all motorcycles made overseas are sold overseas. The company is shutting down a Kansas City, Missouri, factory and transferring those operations to York, Pennsylvania.