ACEM concerned over US import tariffs

March 29, 2018

Stefan Pierer

Stefan Pierer, CEO of KTM and ACEM president

The European Association of Motorcycle Manufacturers (ACEM) is deeply concerned at the recent press statements delivered by the American and European authorities in relation to US imports of steel and aluminium.

ACEM appreciates the reasons behind potential retaliation action by the EU in case the US increases tariffs on imported steel and aluminium. However, the motorcycle industry would be severely damaged if brought into this trade dispute.

One of ACEM’s member companies, Harley-Davidson, was mentioned amongst possible targets for retaliation by European authorities. ACEM warns of potential increase of customs duties on American exports of motorcycles would clearly be damaging to the American companies but also to European economies and jobs. It might also, in turn, result in the US administration imposing retaliatory tariffs on European exports. Overall, this could lead to considerable negative economic impacts and job losses for the motorcycle sector in both the US and Europe, particularly in areas such as the manufacturing and distribution of vehicles, parts and components.

Stefan Pierer CEO of KTM AG and President of ACEM said: »Motorcycle companies are global players committed to free and balanced trade agreements. The US and the EU should be working together to facilitate international trade and regulatory convergence, not to restrict it by adopting unilateral and politically motivated measures«.

Filed under: MCR News

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