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4w ago

Haas Automation Faces Tariff Struggles While Haas F1 Team Remains Unaffected

Haas Automation reports reduced demand and operational cutbacks due to U.S. trade tariffs, as the Haas Formula One team continues its activities without disruption ahead of the Bahrain Grand Prix.

Oliver Bearman of Great Britain driving the (87) Haas F1 VF-25 Ferrari on track during the Sprint ahead of the F1 Grand Prix of China at Shanghai International Circuit on March 22, 2025 in Shanghai, China.
Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - April 6, 2025 Haas' Oliver Bearman in action during the race REUTERS/Manami Yamada/ File Photo
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Overview

  • Haas Automation has reduced production, halted hiring, and eliminated overtime in response to a significant drop in demand for its machine tools caused by U.S. trade tariffs.
  • The company expressed concerns over potential tariff reductions on foreign machine tools without corresponding reductions on raw materials, warning this could harm the U.S. machine tool industry.
  • Despite these challenges, Haas Automation remains optimistic that the Trump Administration will implement relief measures to support American manufacturers.
  • The Haas Formula One team confirmed that its operations, including development plans and recruitment, remain unaffected by the economic challenges impacting its parent company.
  • The Haas F1 team is preparing for the Bahrain Grand Prix, continuing its competitive efforts in Formula One as part of its 10th season on the grid.