Harley-Davidson fell nearly 11% on Tuesday after reporting quarterly results that failed to meet analyst expectations.
The company said tariffs impacted fourth-quarter profitability.
President Donald Trump attacked Harley-Davidson last summer after the company announced that production would be relocated overseas.
Watch the Harley-Davidson trade live.
Harley-Davidson said on Tuesday morning that President Donald Trump's tariffs would have taken a massive bite out of profitability in the fourth quarter.
The motorcycle manufacturer's shares plummeted nearly 11% before trading, after the company made gains in the fourth quarter that failed to meet Wall Street expectations.
Harley-Davidson reported an adjusted profit of $ 0.17 on sales of $ 955.6 million
RELATED: Products that are directly affected by the Trump tariffs on Chinese goods
Products directly affected by the Trump tariffs on Chinese goods
] Pork; Bovine intestine; Rabbit meat; Wild; Frog legs
Fish and seafood: live fish including ornamental fish, trout, eels, tuna and carp; chilled or frozen meat of various types of trout, salmon, halibut, plaice, sole, albacore, tuna, herring, mackerel, cobia, swordfish, pollack, whiting, catfish, rays and more; different types of salted or smoked fish; other seafood, including various species of lobsters, crabs, shrimp, shrimp, oysters, clams, clams, cuttlefish, squid, conchs, sea snails, sea cucumbers and sea urchins.
non-meat products such as eggs and dairy products Whey products; Butter; various types of eggs including chicken; Honey; Animal hair including humans, pigs, horses and badgers; animal intestines, blisters; Plumage; Bones, including shells, beaks, corals, hooves, antlers and more.
Vegetables: Onions; Garlic; Cauliflower and broccoli; cabbage; carrots; beets; Radish; beats; cucumbers; Peas of various kinds; beans; Lenses; Celery; mushrooms; Peppers of various kinds; to squeeze; Okra; Corn; potatoes; Sweet potatoes and sweet potatoes; some types of tomatoes; Spinach; Brussels sprouts.
Fruits and Nuts: Coconuts; cashews; almonds; Hazelnuts; walnuts; chestnuts; pistachios; macadamia nuts; pecans; Events; figs; Pineapple; guavas; oranges; mandarins; clementines; raisins; Grapes; apples; pears; quince; peaches; Berries, including strawberries, raspberries, cranberries, blueberries and others; bananas; a variety of dried fruits; Bowls of different fruits.
Cereals: Wheat, including durum wheat; Barley; Oats; Corn; different types of rice; Grain sorghum; Buckwheat; Andes millet; and more.
Mill products: Flour, including wheat, maize, buckwheat, rice, rye, other cereals, potatoes and bananas; Groats and semolina of various kinds, including wheat, corn, oats and rice; Malt; Starches of wheat, corn, potatoes and more
Oilseeds: Soybeans; Seeds of sunflower, linseed, sesame, mustard, poppy and more; Plant seeds for certain crops; Cocoa and mint leaves; and algae.
Sugars and sweets: Cane sugar; Candies without cocoa
Bread and pasta: Uncooked pasta; various breads, pastries, cakes and biscuits.
Prepared vegetables and fruits: Various vegetables and fruits previously cease in their prepared or preserved forms; various fruit jams including strawberries, pineapples, apricots and more; Peanut butter; various fruit juices including orange, pineapple, lime, grape, apple and more.
Other foods: soy sauce; Spices and spices; Protein concentrates.
Beverages and vinegars: Water, including mineral water; Fruit or vegetable juices and juice mixtures; Beer made from malt; Wine including rice wine; ethyl alcohol; Vinegar
Food processing waste and animal feed: brans from processing; Oil cake; Dog or cat food; Animal food
Tobacco: Different tobaccos and tobacco preparations; Tobacco refuse; cigars; cigarettes; Smoking tobacco
Salts and minerals: Salt / Sodium chloride; Sulfur; Graphite; Quartz; Types of clays; Chalk; Slate; Marble; Granite; Sandstone; Dolomite; Plaster; some plaster; some types of cement; Mica; Epsom Salt
Ores, slag and ash: ores of iron, copper, nickel, cobalt, aluminum, lead, zinc, tin, chromium, tungsten, uranium, titanium, silver, other precious metals and others; Slag, different types of ash.
Mineral fuels and oils: coal; Brown coal; Peat; Coke; tars; different types of light oil; different types of kerosene; petroleum; liquefied fuels including natural gas, propane, butane, ethylene and petroleum; Oil shale and tar sands
Inorganic Chemicals: Chemicals such as chlorine, sulfur; Carbon, nitrogen, oxygen and silicon; Acids, including sulfuric acid, nitric acid and more; various types of fluorides, chlorides, sulfates, nitrates, carbonates and more.
Fertilizers: animal or vegetable fertilizers; Urea; Ammonium sulfate; Sodium nitrate; and more.
Tanning and drying of extracts, dyes and colors
Essential oils, perfumes: Perfume; Lip or eye make-up preparations; Manicure or pedicure products; Shampoo; Hairspray; Bath salts.
Soaps and detergents : various types of soap; Leather and textile treatments; Polish for shoes and furniture.
Adhesives, adhesives and enzymes
Photos: various types of photographic plates; Instant film; different types of film in rolls; different types of feature films.
Various chemical products: pesticides; herbicides; Fungicides
Plastics: Vinyl flooring and other plastic floor and wall coverings; Sausage casings; bags; Gloves including baseball gloves; Raincoats; Machine belt.
Rubber: Latex; Rods, pipes and other products; conveyor belts; various types of drive belts; different types of pneumatic tires; gloves; seals; Dock fenders.
Raw hides and leather: Animal skins, including cow, buffalo, sheep, goats, reptile; various types of leather from cow, buffalo, sheep, goats, reptiles; Leather suitcases and suitcases; Handbags of leather; CD cases; Gloves including skis, ice hockey and typical use; Belt; Fur clothing, including artificial fur.
Wood: Firewood; Charcoal; various types of wood including oak, beech, maple, ash and cherry; Moldings; rods; Chipboard; various types of plywood; doors; Corks and plugs; Basketwork and bamboo baskets.
Paper: Newsprint; Writing paper; vegetable parchment; Carbon paper; self-adhesive paper; Cigarette paper; envelopes; Set the table; Handkerchiefs; Portfolios.
Wool or animal hair products: Cashmere; yarns; Tapestries and upholstery fabrics.
Stone, plaster, cement, asbestos: Stone for art; Marble slabs; Slate; millstones; Sandpaper; Floor or wall tiles; Cement bricks.
Ceramics: Fire bricks; Pipes; tiles; Porcelain and porcelain.
Glass and glassware: Balls; rods; drawn or blown glass; Floating glass; tempered safety glass; Mirror; Balloons, bottles, jars, pots, bottles and other containers; microscopic slides; woven fiberglass
Precious stones and pearls: Industrial diamonds; Silver and products of silver; Gold and gold products; Platinum; Palladium.
Iron and steel and products thereof: Drums; tubes; Pipes; doors; Window; screws; Horseshoe;
Copper : plates; Electric wire; tubes; Pipes; Feathers
Nickel: Members; rods; Wires
Aluminum: Powder; Electric wire; Wire; Screws.
Various hardware, tools, utensils: Manufactured articles of lead, zinc, tin and more; saw blades; Bolt cutters; Hammers wrenches; Crowbar.
Industrial Machinery and Retail: Steam Turbines ; Engines; Fuel injection pumps; Air compressors; Air conditioners; refrigerators; Cream separators; Hydraulic lifters; Escalators; Manure spreader; Copier; Drink dispensers
Electronics: Vacuum cleaners; Hair clippers; spark plugs; generators; Bicycle lights; electrical amplifiers; Television cameras; different types of televisions; Video projectors.
Vehicles and parts: axles; Driveshafts; Transmission radiator.
Ships and Boats: Sailboats; Motor boats; canoes; Yachts.
Instruments for scientific or medical purposes: Microscopes; Cameras for non-artistic purposes; Pressure gauges, electric currents and more
Furniture, bedding, mattresses: Car seats; Wooden chairs; Furniture for offices, kitchens and more; mattresses; Chandelier; Lamps.
Various articles : Buttons; Stamps; painting; Collections of zoological, botanical, mineralogical, anatomical, historical and archaeological interest; Antiquities over one hundred years old
Motorcycle revenue was slightly lower in the fourth quarter than in the year before, but higher than in the previous year compared to 2017. Adjusted, the company reported a balanced quarter.
"Operating margin as a percentage of sales decreased in the quarter due to restructuring charges, additional charges and higher callback costs," the company said in a regulatory filing.
After Harley -Davidson said last June that he would shift production due to the negative impact of tariffs outside the US, Trump attacked the company on Twitter.
"Surprised that Harley-Davidson will be the very first company in the world, it waves the white flag," said Trump. "I've fought hard for them and ultimately they will not pay any tariffs that are sold to the EU, which has hurt us heavily in trade, by $ 151 billion, taxes are just an excuse from Harley – be patient!"
At that time Harley-Davidson's tariffs would cause a "huge cost increase".