Economist Stephen Moore was shut down on Tuesday morning when he attempted to defend Donald Trump’s attack on Harley-Davidson executives for moving some manufacturing to Europe in response to the president’s tariffs.
After calling Harley-Davidson’s move the “worst corporate decision ever,” Moore was stumped by CNN host Kate Bolduan.
“The president hits Harley for ‘surrendering too soon. Be patient,’ Moore says,” Bolduan proposed. “Did Harley have another option here?”
“Look, I was never in favor of some of these steel and aluminum tariffs in the first place,” Moore noted. “I think they were misguided. It was one of the points I made to the White House that, look you might be protecting some of those steel and aluminum jobs, but the millions of Americans who use aluminum and steel may be put at a disadvantage.”
“So I was against the policy,” he continued. “I have to say I think this decision by Harley-Davidson will go down as one of the worst corporate decisions ever — this will be like New Coke. It will be a disaster for Harley-Davidson.”
“I used to go to the Trump rallies, you know, when I was working on the campaign,” he added. “There would be hundreds and hundreds of Harley-Davidson motorcycles parked on the side of those venues. Trump dominated the biker vote; they aren’t going to be happy customers, they may gain some customers in Europe. I think they really put at risk their customer base in the United States by moving their facilities outside the United States.”
“What do they do, just eat a $100 million loss?” a sarcastic Bolduan pressed the conservative economist.
“Well, look. Trump’s point is these countries —- I think are going to have to back down back down. Are we going to simply go to blink first? Trump has a very valid case that a lot of these countries have higher tariffs than we do. Trump ultimately wants a level playing field,” Moore stuttered, never addressing the financial hit the company would take by bowing to Trump.
Take a look at the video clip below: