Haas F1 Team Reports No Impact from Owner's Tariff Challenges

The Haas Formula 1 team will continue its operations unchanged despite its owner Gene Haas's machine tools business, Haas Automation, facing a significant decline in demand due to President Trump's trade tariffs. The company has announced measures including reduced production and a hiring freeze while it assesses the full impact of the tariffs, which it believes could be catastrophic for the U.S. machine tool industry. Despite these challenges, Haas Automation remains optimistic that the Trump administration will provide relief for U.S. manufacturers. A spokesperson for Haas F1 confirmed that the tariff issues affecting the parent company do not impact the team's development, recruitment, or projects. As the Bahrain Grand Prix approaches, the team emphasizes that it is business as usual. Haas F1, the smallest team in the grid, is celebrating its 10th season while maintaining stability amidst industry challenges.