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Motor1
Motor1
Business
Adrian Padeanu

Ferrari Is Already Increasing Prices due to Tariffs

President Trump’s newly announced 25-percent tariff on imported cars has sent shockwaves through the automotive industry. Some brands will be hit harder than others, depending on where their vehicles are manufactured. Since Ferrari assembles all its cars in Italy, every Prancing Horse will be impacted when the new tax takes effect on April 3.

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