Live Trump's steep tariffs are rocking markets and reshaping alliances. Follow the latest updates. Milan - Delayed Quote • EUR Ferrari N.V. (RACE.MI) Follow Compare 396.30 -8.00 (-1.98%) As of 3:04:27 PM GMT+2. Market Open. All News Press Releases SEC Filings Nvidia, European automakers: Trending Tickers Madison Mills and Julie Hyman take a look at some of Wednesday's trending tickers on Yahoo Finance. Chipmaker stocks, like Nvidia (NVDA), Advanced Micro Devices (AMD), and Taiwan Semiconductor Manufacturing Company (TSM), are under pressure as investors wait for US President Donald Trump's tariff announcement. European automakers, including Volkswagen (VOW3.DE), Mercedes-Benz (MBG.DE), and Ferrari (RACE.MI), are in focus as Trump's tariffs on auto imports weigh on the sector. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. U.S. tariffs to also apply to Ferrari cars ordered months ago 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. Mercedes Weighs Pulling US Entry-Level Cars Over Tariffs (Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergWhat Frank Lloyd Wright Learned From the DesertLondon Clears Final Hurdle for More High-Speed Trains to EuropeMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersBank Regulators Fight for Desks as OCC Returns to New York TowerMercedes-Benz Group AG is considering withdrawing its least expensive cars from the US bec Auto Stocks Skid After Trump Says He ‘Couldn’t Care Less’ About Higher Prices on Foreign Cars Volkswagen and Mercedes-Benz stocks both sold off in Germany. 🔎 Read more on Mercedes-Benz. President Trump told NBC News over the weekend that he didn’t care if foreign automakers raised U.S. prices in response to new tariffs. ‘I’m blowing my pension on a Ferrari to spite Rachel Reeves’ Steve Perez didn’t really want to buy a new Ferrari. He wanted to invest the money in his £30m drinks and hotel business instead. Ferrari upgraded to Overweight, Tesla's price target cut Ferrari (RACE) was upgraded to Overweight from Equal Weight at Barclays, citing a good entry point. Tesla (TSLA) received a price target cut at Deutsche Bank to $345 from $420, as first quarter deliveries missed estimates. Wealth host Brad Smith discusses the details. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Ferrari confirms 2025 targets with 50 point risk on margins Ferrari (RACE) announces it will update its commercial policy, based on the preliminary information currently available regarding the introduction of import tariffs on European Union cars into the U.S. The company said, “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, 2025 and for orders of the following three families – Ferrari Ferrari’s U.S. customers may be forced to pay $50,000 more for their 12Cilindri as carmaker hikes prices over Trump tariffs Ferrari CEO Benedetto Vigna warned in March the carmaker was ready with countermeasures in the event of tariffs. EXOR NV (EXXRF) (FY 2024) Earnings Call Highlights: Navigating Growth and Challenges EXOR NV (EXXRF) reports a 9% NAV growth, strong performances from Ferrari and Lingoto, and addresses challenges with Stellantis and luxury investments. Trump's 25% auto tariffs may send car prices surging up to $15,000 higher, Goldman warns Tariffs may make buying a car more expensive. Strength Seen in Ferrari (RACE): Can Its 3.2% Jump Turn into More Strength? Ferrari (RACE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Ferrari to Raise Prices on Some Models in Response to U.S. Tariffs Ferrari plans price increases of up to 10% on some of its models after the introduction of U.S. auto tariffs, as the sports-car maker races to mitigate a hit from the duties. U.S. President Trump said he will impose 25% tariffs on all vehicles imported to the country from April 2, a move that will hit Ferrari more than most European manufacturers as it only produces its cars in Italy. The Maranello, Italy-based company said it will shield customers from the brunt of U.S. tariffs by absorbing the cost of higher import duties on certain models, while passing on only some of the impact through higher pricing on others. Ratcliffe’s car maker ‘outraged’ at EU neglect over Trump tariffs Sir Jim Ratcliffe’s car maker Ineos Automotive has accused the European Union of “sitting on their hands” before Donald Trump ramped up his global tariff war. Sector Update: Consumer Stocks Gain Thursday Afternoon Consumer stocks rose Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) incr Ferrari can withstand tariffs, Bernstein says Bernstein notes that Ferrari (RACE) can withstand President Trump's upcoming auto tariffs, as the company's wealthy customer base is unlikely to be discouraged by higher prices. Morning Brief Madison Mills and Brad Smith discuss how certain companies have consumers and pricing power to withstand tariffs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Ferrari's luxury cars are about to get more expensive, thanks to Trump's tariffs American buyers of Ferrari’s (RACE) luxury vehicles will soon have to pay higher prices, as the Italian automaker looks to offset the burden of President Donald Trump’s tariffs. JPMorgan drops its price targets for Ford, GM, and Ferrari as Trump's 'draconian' tariffs loom General Motors’ (GM), Ford Motor’s (F), and Ferrari’s (RACE) earnings are likelier than ever to take a hit, as President Donald Trump’s “draconian” tariffs and anti-electric vehicle policies hang over the automakers, according to JPMorgan (JPM) analysts. Ferrari raises some prices in response to U.S auto tariffs ROME (Reuters) -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. The new levies on cars and light trucks will take effect on April 3. Ferrari, which manufactures all its cars at its Maranello facility, in northern Italy, said it would increase prices, by a maximum of 10%, on all models imported after April 2, in coordination with its dealer network. FERRARI: COMMERCIAL POLICY UPDATE FERRARI: COMMERCIAL POLICY UPDATE Maranello, 27 March 2025 - Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces it will update its commercial policy, based on the preliminary information currently available regarding the introduction of import tariffs on EU cars into the USA. 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 befo Bernstein says tariffs 'do not break the Ferrari story' Investing.com -- While the tenfold jump in tariffs on cars imported to the U.S. is not a factor that can be ignored, it “does not break the Ferrari story,” according to Bernstein analysts. Performance Overview Trailing total returns as of 4/3/2025, which may include dividends or other distributions. Benchmark is FTSE MIB Index (FTSEMIB.MI) Return RACE.MI FTSE MIB Index (FTSEMIB.MI) YTD -3.90% +9.38% 1-Year +2.76% +8.45% 3-Year +102.64% +48.60%