Ferrari's Stance on US Auto Tariffs

Ferrari NV's Chief Executive Officer, Benedetto Vigna, has publicly stated the company's preparedness for the potential imposition of tariffs on the European auto industry by US President Donald Trump. Vigna emphasized Ferrari's readiness with countermeasures, highlighting the company's strategic planning in response to the anticipated tariffs.

Strategic Countermeasures and Market Watch

"We are ready with some countermeasures," Vigna revealed in an interview with CNBC. He further elaborated on the company's vigilant monitoring of the situation, indicating a period of watchfulness over the coming weeks. Vigna's comments come in the wake of analysts suggesting Ferrari might be exempt from US tariffs due to its exclusive production in Italy, a factor that would render the tariffs ineffective in encouraging production shifts to the US.

Trump's Tariff Timeline and Industry Impact

President Trump has indicated that the auto tariffs are expected to take effect around April 2, asserting that these new duties would invigorate the US automotive sector, making it "thrive." This announcement has put the global auto industry on alert, with companies like Ferrari preparing for the potential impact on their operations and strategies.