Word: harleys
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...lumber and machine-tool industries that it raise tariffs or slow the pace of imports, it last month increased, from 4.4% to 49.4%, the duty on large Japanese motorcycles, which have captured 85% of the U.S. market. That action came after a plea for help from the Milwaukee-based Harley-Davidson Motor Co., the lone survivor of 143 companies that once made motorcycles in the U.S. The Administration will soon face a new test of its free-trade philosophy. Last week the International Trade Commission unanimously recommended that the U.S. set quotas limiting the import of some steel products...
...first half in which slipping bodies and errant passes were the rule, it seemed the only place balls were flying was out of bounds Late in the first quarter. Eli freshman Bill Harley finally broke the ice, scoring on a man advantage Harvard's Peter Follows retaliated less than a minute later, but the only other goal before halftime was a Bulldog tally with 1-56 left in the second quarter...
...Reagan move benefited exactly one U.S. firm: Milwaukee's Harley-Davidson Motor Co. Harley, perhaps best known for its big-engine "hogs," is the sole remaining U.S. manufacturer of the two-wheeled machines that have long been synonymous with American rebelliousness, restless individualism and the freedom of the endless highway...
...imposing the tariff, Reagan was following the recommendation of the U.S. International Trade Commission. In January, the I.T.C. agreed with Harley that the company needed temporary relief from the big wheels of Yamaha, Suzuki, Kawasaki and Honda. Since 1978, H-D has lost more than a third of the big-bike market (engines of more than 700-cc displacement) to the Japanese. According to Harley-Davidson Chairman Vaughn L. Beals, 1982 sales of about $200 million were down 20% from the preceding year. One reason for the Japanese success is pricing: Harley's top-of-the-line touring model...
...essence, Harley pleaded for time to adjust to the competition. The new tariff provides it. The duty will leap upward from the current 4.4% to 49.4% effective April 15, then scale back gradually over the next five years. As a result, according to the I.T.C., the prices of Japanese bikes should rise 10% this year and an additional...