Manufacturing giant Rolls-Royce is reportedly planning to expand production in the US to mitigate the effects of Donald Trump’s trade policies.
According to The Telegraph, the Derby-based company is exploring strategies to reduce the impact of tariffs, which may include increasing its US workforce and expanding operations in North America.
This comes after the US President imposed tariffs on Canada, China, and Mexico, while also threatening the UK and Europe.
Reports suggest that Rolls-Royce is assessing how much production can be relocated from affected countries to the US, where it currently employs 6,000 workers.
Shifting production would enable the company to take on more new projects without being impacted by tariffs.
About the author
Brendan Byrne
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala.
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