Haas team unfazed by parent's Trump tariff hit

Haas, Formula 1's smallest outfit, has brushed off claims that it might be facing financial difficulties.

As global markets reeled from the fallout of Donald Trump's tariff policies, Haas Automation—the F1 team's parent company—released a statement bearing both its own logo and that of the Haas F1 Team.

The document starkly outlined a "dramatic decrease" in demand for its machine tools, prompting cuts in production, the elimination of overtime, and a freeze on hiring.

Since then, Trump has temporarily suspended the tariffs—except for China—for 90 days, noting that most nations are open to talks.

Addressing concerns about the F1 operation, a Haas team spokesman stated: "The team continues to operate as normal. There are no changes to the development process, recruitment, or other projects."

The tariff upheaval and market turbulence coincide with a pivotal moment in Formula 1, as engine manufacturers prepare to convene in Bahrain to debate a possible return to V10 engines.

This could bolster a financial argument for scrapping the planned, heavily electrified 2026 regulations. "Cadillac isn't yet eligible to vote because they haven't yet registered as an engine manufacturer," Auto Motor und Sport noted.

Adding intrigue, CEOs such as Mercedes' Ola Kallenius and Audi's Gernot Dollner are reportedly attending the meeting.