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Euronews
Euronews
Tina Teng

Ferrari raises prices for certain models in response to Trump’s auto tariffs

Ferrari Donald Trump European Union United States Euro

Italy’s luxury sports car maker, Ferrari, announced in a statement on Thursday that it would raise prices by up to 10% for some models in the US. The price hikes, which will take effect from 2 April, mark the first concrete response from a European auto manufacturer to the Trump administration’s auto tariffs.

The company stated that it would update its commercial policy “based on the preliminary information currently available regarding the introduction of import tariffs on EU cars into the USA”.

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