The daily business briefing: August 13, 2018

Trump tweets support for a Harley-Davidson boycott, Turkey's currency falls to a new low, and more

The Harley logo in NYC
(Image credit: Drew Angerer/Getty Images)

1. Trump tweets support for boycotting Harley-Davidson

President Trump on Sunday tweeted that it would be "great" if customers boycotted Harley-Davidson. Trump has criticized the iconic American motorcycle maker since it announced in June that it was moving production of motorcycles to be sold in Europe to factories outside the U.S. Harley-Davidson said the move was necessary to avoid European tariffs imposed to retaliate against Trump's tariffs on steel, aluminum, and other products. Trump tweeted that "many" Harley-Davidson owners intended to boycott the company if it went ahead with the production shift. On Saturday, Trump met at his Bedminster, New Jersey, golf course with about 180 bikers who are part of a "Bikers for Trump" fan group. Harley-Davidson, which said it expected new tariffs to cost it $100 million a year, declined to comment.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.