Ferrari plans to increase the prices of some of its cars sold in the United States in response to new tariffs, the luxury carmaker said on Thursday, adding it would stick largely to its financial targets for this year.

And Ferrari, for one, has wasted no time at all letting investors know how it will respond, announcing notable price increases on some of its most potent machines. “While reaffirming its commitment to maximum client attention and protection and with the goal to provide certainty to them: • The commercial terms will remain unchanged for orders of all models imported before April 2,

Ferrari CEO Benedetto Vigna warned in March the carmaker was ready with countermeasures in the event of tariffs.

The measure is intended to bring car factories to the United States but could increase prices for consumers significantly. The president said the tariffs will start next week.

President Donald Trump announced new 25% auto import tariffs. Local car dealerships and auto repair shops are already preparing for prices to go up.

President Trump has announced a 25% import tax on cars and car parts coming into US. The president said the measure would lead to "tremendous growth" for the industry. China has reportedly ordered state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing,

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,

British carmakers will meet ministers on Friday morning to discuss their response to US President Donald Trump's placing 25% tariffs on car imports from next week, the BBC understands. The UK government is trying to negotiate exemptions from a wide range of US import levies due to come into force at midnight on 3 April.

Higher prices and fewer options are coming if import duties on foreign-made cars persist.