Ferrari to Hike U.S. Prices Amid Global Outcry Over Trump’s Auto Tariffs
Date: 28-mar-2025
Ferrari to Raise U.S. Prices by 10% as Trump’s Tariffs Hit Auto Industry
On March 28, 2025, Italian luxury carmaker Ferrari announced it will increase prices on many of its models sold in the United States by up to 10% starting next week. This decision follows U.S. President Donald Trump’s controversial move to impose 25% tariffs on imported vehicles, light trucks, and parts, effective from April 3.
The tariffs have triggered a global backlash. Germany has demanded a strong response from the European Union, while Japan and Canada have vowed to review all options. Canadian Prime Minister Mark Carney declared the “old relationship” with Washington over, signaling a sharp shift in North American diplomacy.
Financial markets responded swiftly—global automakers like Toyota, Hyundai, and Mercedes saw their stocks tumble. Analysts from JPMorgan estimate that car prices in the U.S. could rise by $4,000–$5,300 due to these levies.
Also Read
While Trump defends the tariffs as a step to revive U.S. industry, critics warn they may lead to price surges, strained alliances, and decreased consumer confidence.
🔄 Read More
⬅ Previous: Japan Regional Security Boosts Defense Budget in 2025 Amid Rising Threats
Date: 27-Mar-2025
Japan’s regional security strategy takes a bold step forward in 2025 with a record defense budget increase. Aimed at countering threats from North Korea and China, the move includes deploying long-range missiles in Kyushu. This shift marks a historic pivot from Japan’s pacifist past.
Next: Canada PM Mark Carney Declares End of Traditional US Ties Amid Tariff Clash with Trump ➡
Date: 28-Mar-2025
Canadian PM Mark Carney declared the historic Canada-US alliance "over" amid an escalating tariff war with Donald Trump, signaling a fundamental shift in foreign policy.
📌 Latest Trending
US media: Elon Musk to soon leave US administration 🎥
04 Apr 2025