http://www.msn.com/en-us/autos/news/...5&ocid=U221DHP
Not so fast. It turns out that the high tariffs faced by Harley when trying to sell its bikes overseas would have been substantially removed by the Trans-Pacific Partnership, which Trump squashed his first days in office. In Vietnam, for example, Harley faces a 74% tax. It would have been zero if the U.S. signed on to TPP. Indeed, Harley’s CEO and chief lobbyist publicly advocated for TPP last year.
Ironically, while Harley has been a big loser from Trump’s pull-out from TPP, the big winner is China, the country he has been most vocal about in terms of wanting to make it harder for Chinese goods to get into the U.S.
Without the U.S. in TPP, China is free to dominate the Pan-Pacific region through trade. “China’s ambitious One-Belt-One-Road and Asian Infrastructural Investment Bank initiatives will also be strengthened by a perceived or actual U.S. pullback from Asia [as a result of leaving the TPP],” says Linda Lim, professor of a strategy at the Stephen M. Ross School of Business at the University of Michigan.