Harley-Davidson HOG, -1.38% shares jumped 7% in early premarket trade after the U.S. and European Union agreed a deal on steel and aluminum tariffs. Harley-Davidson was facing a tariff of 56% in Europe as retaliation. “We are excited that this brings an end to a conflict that was not of our making, and in which Harley-Davidson had no place. This is an important course correction in U.S.-EU trade relations, that will allow us to further Harley-Davidson’s position as the most desirable motorcycle brand in the world,” said Harley-Davidson Chairman and CEO Jochen Zeitz.
This article was originally published by Marketwatch.com. Read the original article here.
