HOG - Harley-Davidson pops after European tariff speedbump removed

Harley-Davidson (NYSE:HOG) jumps in early trading after the U.S. and the European Union ended a dispute on steel and aluminum tariffs The company was at risk of paying European tariffs as high as 56% if the dispute that dates back to 2018 had not been resolved. "We have agreed to pause our steel & aluminium trade dispute and launch cooperation on a Global Arrangement on Sustainable Steel & Aluminium," stated the EU's trade chief, Valdis Dombrovskis on the issue. Shares of HOG are up 6.77% premarket to $38.96 vs. the 52-week trading range of $31.20 to $52.06. Read more details about the tariff truce.

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Harley-Davidson pops after European tariff speedbump removed