Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a typical Ferrari.

All of Ferrari’s vehicles will be impacted by the new trade policy, as all of the brand’s models are constructed at its facility in Maranello, Italy. Unwilling to simply write

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,