Biden’s EU trade dilemma: more pain for Harley, distillers or back off metals tariffs? By Reuters
By David Lawder and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) - The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc (NYSE:HOG) and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S. manufacturers. The EU has threatened to double the tariffs on Harley-Davidson motorcycles, American-made whiskey and power boats to 50% on June 1, cutting off any residual hope of exports to the continent. President Joe Biden has...
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