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Fortune

Ryan Hogg

Ferrari's U.S. customers face 10% price hikes over Trump tariffs

Ferrari United States Benedetto Vigna Donald Trump Bentley Luxury

The Ferrari 12Cilindri at HROwen Ferrari in Hatfield, Hertfordshire. Hatfield is the main hub destination for HROwen with their main HQ being based there. (Credit: Martyn Lucy/Getty Images)

Ferrari drivers in the U.S. face steep price increases for their new models after the luxury carmaker warned fresh import tariffs implemented by Donald Trump could lead to five-figure price increases.

Trump this week announced sweeping 25% import tariffs on all cars and some car parts, including engines, after arguing that the current rate of car imports threatened national security.

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