Haas F1 say no impact from tariffs hitting owner's business
- On April 9, 2025, Gene Haas's machine tool company reported a decrease in demand.
- President Trump's trade tariffs are affecting both domestic and foreign sectors.
- Haas Automation is reducing production and also scrutinizing the tariff impacts.
- The company anticipates tariffs could cost them $30 to $50 million on cast iron.
- The Haas Formula One team stated it is carrying on as normal operations.
14 Articles
14 Articles
Haas F1 say no impact from tariffs hitting owner's business
MANAMA : The U.S.-owned Haas Formula One team said they were carrying on as normal despite owner Gene Haas's machine tools business reporting a 'dramatic decrease in demand' as a result of President Donald Trump's trade tariffs.California-based Haas Automation said in a statement on Wednesday that it had
Haas Automation Faces Tariff Turbulence but F1 Team Remains Unshaken
Haas Automation Faces Tariff Turbulence but F1 Team Remains Unshaken The Haas Formula One team is maintaining its operations despite the machine tools business owned by U.S.-based Gene Haas facing a significant decline in demand attributed to President Donald Trump's trade tariffs. Haas Automation announced measures to curb production, such as eliminating overtime and freezing hiring, as they scrutinize tariff impacts.Nevertheless, the company r…
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage