Headlines
Ferrari trims price increases on some models sold in U.S. to maximum 5%
Published by Global Banking and Finance Review
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Ferrari has reduced price increases on some U.S. models to 5% after a tariff cut deal between the U.S. and EU, lowering the levy from 27.5% to 15%.
MILAN (Reuters) -Ferrari has trimmed price increases on some of the models it sells in the U.S. to a maximum of 5% following a deal to reduce the import tariff on European products, a spokesman told Reuters.
The luxury carmaker had in April announced prices on some models in the U.S. were increasing by up to 10% after President Donald Trump imposed a 27.5% levy on European auto imports.
Following a deal between U.S. administration and the European Union the levy was later cut to 15%.
(Reporting by Giulio PiovaccariEditing by Keith Weir)
A price increase refers to a rise in the cost of goods or services. It can occur due to various factors, including inflation, increased production costs, or changes in demand.
A luxury carmaker is a manufacturer that produces high-end vehicles, often characterized by superior quality, performance, and features, targeting affluent consumers.
A spokesman is an individual authorized to speak on behalf of an organization or company, providing information and representing its views to the public or media.
An import levy is a financial charge imposed on goods brought into a country. It is typically used to protect domestic industries and regulate trade.
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