NEW: Another Major Car Manufacturer Will Shift Production To The U.S.

British auto manufacturing giant Rolls Royce is reportedly planning to increase its manufacturing production in the United States in order to avoid President Donald Trump’s tariff plans.

According to a report from the Daily Telegraph, the U.K.-based firm is drawing up emergency contingency plans in order to avoid potential tariffs implemented by President Trump. While Trump has imposed tariffs on goods imported from Canada, Mexico and China, he has yet to impose any on the European Union or the U.S., though he has suggested that he will do so in the future.

“Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely” the president told reporters back in January. “Absolutely. The European Union has treated us so terribly,” Trump stated, reaffirming his longstanding concerns about the bloc’s trade practices.

In December, Trump called on European nations to rectify trade imbalances with the United States by purchasing more American energy. “Otherwise, it is TARIFFS all the way!!!” Trump posted on Truth Social.

Rolls Royce is hoping to prepare for the event of tariffs by drafting contingency plans that include hiring more U.S. workers and opening more plants in the country, the Daily Telegraph reported. The company is also exploring ways to move some of its current manufacturing operations in Mexico, China and Canada to the United States, where it employs 6,000 workers across 11 sites.

In an earnings call earlier this month, Rolls Royce warned investors about “rising protectionism” in response to Trump’s tariffs and confirmed that they were working on plans to lessen the effects.

One source told the outlet that the engineering giant was “tipping the balance towards the U.S.” in order to respond to tariffs. “If you are making something in countries like China then you’ll be looking at whether you can do it in the US instead,” they said

Related Posts

Seniors 65+ Just Got a HUGE Tax Surprise From Trump…

President Donald Trump just dropped a tax policy bombshell that has millions of American seniors celebrating. In a new announcement shared directly on social media, Trump confirmed…

Their acne is severe

A person should see a dermatologist if they have cysts, nodules, and deep, painful acne. They have late-onset or persistent acne: Late-onset acne may occur in adults…

HEARTBREAKING NEWS, PRAY FOR JENNIFER ANNISTON

On October 28 2023, the world said goodbye to Matthew Perry, the actor who brought Chandler Bing of Friends to life for ten seasons. His passing has…

You Won’t Believe What King Charles Just Did to Prince Andrew…

In an extraordinary and decisive move that marks a rare disciplinary step within the royal family, King Charles III has announced that his younger brother, Andrew, will…

26 Pictures That Need A Second Look

Our eyes may lie to us more often than we think. Optical illusions are seen in everyday life. Viral Strange will list some pictures that really need…

Don’t look if you can’t handle lt (22 Photos)

A woman’s beauty goes far beyond physical appearance. It’s found in the way she speaks, the kindness in her eyes, the strength in her voice, and the warmth…