The update comes after owner Gene Haas' Haas Automation revealed that it had cut down on production after ... decrease in demand for our machine tools from both domestic and foreign customers.

Investing.com -- Privately held Haas Automation, which describes itself as the largest machine tool builder in the Western world, has warned that it is scaling back its production activities amid ...

Haas Automation is the largest manufacturer of CNC machine tools in the country. CNC tools are automated tools like mills, lathes or drills that use computer instructions to manipulate materials.

“Haas Automation is in the process of studying the full impact of tariffs on our operations. In recent days, we’ve seen a dramatic decrease in demand for our machine tools from both domestic ...