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.

Haas Automation, the machine tools company run by Formula 1 team owner Gene Haas, released a statement on Tuesday evenin

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement