The impact of President Donald J. Trump’s imposition of increased tariffs is being felt across the globe, as markets remain rattled and investors wonder where to make their next financial moves.
Now similar questions are creeping towards the race track.
Haas Automation, the machine tools company run by Formula 1 team owner Gene Haas, released a statement on Tuesday evening indicating that as a result of the tariffs the company is “in the process of studying the full impact of tariffs on our operations.” Noting a “dramatic decrease in demand for our machine tools from both domestic and foreign customers,” the company has “reduced production and eliminated overtime” at
→ Continue reading at SB Nation
