Harley-Davidson ( HOG) CEO Matt Levatich said on Friday that he sees substantial growth opportunities abroad, particularly in Asia.
"Trade is very important," he told the FOX Business Network. "We are paying a lot of attention to the trade policies and the trade opportunities that we have, particularly in Asia."
Milwaukee-based Harley-Davidson recently confirmed that it would build a plant in Thailand to keep pace with growing demand throughout Asia.
However, taxes from India and China have hurt the motorcycle brand's bottom line.
"Tariffs in the entire tax structure add a significant amount of burden to the product before it gets to retail and that limits our ability to access and reach those customers," Levatich said.
What could have helped with that problem, in his opinion, was the Trans-Pacific Partnership trade agreement, which President Trump pulled out of.
"The whole trade environment can't be taken in isolated cases and so it's a very complex issue... TPP was in negotiation for almost a decade before it was unfortunately turned down. That would have helped us a lot," Levatich said.
Shares of Harley-Davidson were moving higher over 1% during in late morning trading on Friday.
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