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.
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