Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleU.S. tariffs will apply to Ferrari cars ordered months ago, affecting prices. Ferrari can adjust prices due to trade changes, with a 25% tariff on imported cars.
MILAN (Reuters) - President Donald Trump's new tariffs will also apply to Ferrari cars ordered months ago but still not delivered to the United States, a spokesperson for the Italian luxury automaker said on Thursday.
"Purchase contracts for Ferraris have clear and standard clauses allowing the company to adjust prices in case trade conditions change before the vehicle's delivery," the spokesperson said.
Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the U.S., with a higher 20% rate for the European Union, plus 25% tariffs on all imported cars and light trucks, starting next week.
Anticipating the expected protectionist measure, Ferrari last week said it was increasing prices by a maximum of 10% on some of the models it sells in the U.S., starting from Thursday.
Ferrari manufactures all of its cars at its historic Maranello headquarters in northern Italy. Waiting times for deliveries of new Ferraris are normally no shorter than 12 months.
(Reporting by Giulio Piovaccari; Editing by Alvise Armellini and Jan Harvey)
The new tariffs will apply to Ferrari cars ordered months ago but not yet delivered to the U.S., allowing the company to adjust prices based on changing trade conditions.
Trump announced a 10% minimum tariff on most goods imported to the U.S., a higher 20% rate for the European Union, and 25% tariffs on all imported cars and light trucks.
In anticipation of the tariffs, Ferrari announced a price increase of up to 10% on some models sold in the U.S., effective from Thursday.
Ferrari manufactures all of its cars at its historic headquarters located in Maranello, northern Italy.
The waiting times for deliveries of new Ferraris are normally no shorter than 12 months.
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