Rolls-Royce is reportedly reviewing the impact of US President Donald Trump's tariffs on Canada, China, and Mexico — as well as the potential for levies on the UK and Europe — and is considering shifting manufacturing from these targeted countries to the US.
The Telegraph, citing a source familiar with the matter, reported the engine manufacturer is exploring the level of production that can be transferred to the US to offset the impact of tariffs.
Rolls profits surged 44% for the full year 2024, with a gross profit of £2bn. Revenues were up 24% to £9bn. In addition, the company's North America revenues in 2024 were £5.9bn, up from £4.7bn in 2023.