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

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,

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 has announced new import tariffs on cars and car parts. Find out what tariffs are and how they will affect the UK and other countries.

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.

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.

UK car firms are seeking support from the government as hopes fade a deal can be reached with US President Donald Trump over US tariffs. Companies met with industry minister Sarah Jones on Friday morning to discuss their response to plans for 25% tariffs on US car imports from next week,