News

Ferrari plans to counter potential U.S. tariffs

Ferrari CEO announces scenario planning to mitigate potential U.S. tariffs’ impact on European automakers.

Published

10 months ago

March 14, 2025

Ahron Young

Ferrari CEO announces scenario planning to mitigate potential U.S. tariffs’ impact on European automakers.

In Short

Ferrari’s CEO announced they are preparing for potential U.S. tariffs on European automakers while monitoring trade policy impacts. Despite concerns, analysts suggest Ferrari may face less disruption due to its exclusive manufacturing in Italy.

Ferrari’s CEO, Benedetto Vigna, announced plans to prepare for possible U.S. tariffs on European automakers.

During an interview at CONVERGE LIVE in Singapore, Vigna indicated that the company is in a “scenario planning” phase to manage the potential effects, though he did not disclose specific countermeasures. He referred to U.S. President Donald Trump’s threat of tariffs, which could reach 25% for global car manufacturers.

Ferrari is monitoring developments closely, acknowledging the uncertainty that has affected European automakers due to trade policy shifts.

The imposition of tariffs could significantly disrupt the auto industry, primarily due to the industry’s extensive global supply chains and dependence on production in North America, especially Mexico. Earlier this month, tariffs for compliant auto companies were delayed until April 2 under the U.S.-Mexico-Canada Agreement.

Italian power

Analysts have suggested that Ferrari may be less affected than its European counterparts, as the company exclusively manufactures its vehicles in Italy, giving it an advantage in passing on potential price increases.

Vigna’s remarks follow a positive financial report for 2024, driven by a favourable product mix and increased demand for customised vehicles.

Ferrari is also preparing to unveil its first fully electric model in October, one of six new models set to be released this year. Year-to-date, shares of Ferrari listed on the Milan stock exchange have risen by approximately 0.5%.

News

Trump declares US ready to support Iranian protesters

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

Published

20 hours ago

January 11, 2026

Ahron Young

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

In Short:
– Trump supports Iranian protesters and promotes their quest for freedom amid government crackdowns.
– Iran reports arrests and increased military threats against protesters, with international demonstrations in solidarity emerging.

Donald Trump has warned Iran’s clerical regime that the US is “ready to help” anti-government protesters facing a crackdown. He stated on his social media platform, Truth, that the nation is witnessing a push for freedom like never before.On Saturday, Iran’s government reported the arrest of 100 “armed rioters” amid ongoing demonstrations. Rights groups claim at least 116 protesters have been killed, with unrest erupting over Iran’s currency collapse and demands for the overthrow of Supreme Leader Ayatollah Khamenei.

The Iranian military has intensified threats against protesters, warning that anyone participating could be deemed “enemies of God”, carrying a potential death sentence. There have been claims of “terrorist agents” linked to the US and Israel stirring unrest.

Protester Responses

International protests have also emerged in solidarity with Iranian demonstrators.

In London, an individual was seen tearing down the Iranian flag from the embassy, drawing attention to the global dissent. Iranian state media has accused “rioters” of violence and targeting military bases, amidst a climate of increased government scrutiny and restrictions.

With the internet down in Iran, accurate assessment of the situation remains challenging. Reports indicate scattered protests continue, but fear of government retaliation complicates participation.

The Iranian government’s response highlights the volatility of the political situation, and the growing international pressure on Tehran.

News

Minneapolis protests erupt after fatal ICE shooting

Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.

Published

3 days ago

January 9, 2026

Harvey Vargas

Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.

Tensions in Minneapolis have escalated following the fatal shooting of a mother by a U.S. Immigration agent. The incident has sparked outrage across the city, with residents taking to the streets to demand justice. Authorities are struggling to contain the unrest as public anger continues to mount.

State and federal officials are now at odds over the investigation. The Minnesota Bureau of Criminal Apprehension has stepped back after the FBI assumed control, while the state attorney general has warned that state-level charges could still be pursued independently. The political divide adds another layer of complexity to an already volatile situation.

In response to the protests, schools in Minneapolis have closed and the National Guard has been activated to maintain order. Citizens are being urged to stay safe as tensions remain high and the city braces for further demonstrations.

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News

Iran protests escalate as economy crumbles

Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.

Published

3 days ago

January 9, 2026

Harvey Vargas

Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.

Protests are spreading across Iran after the country’s currency suffered a dramatic collapse, pushing inflation to more than 42 percent in December. Rising prices are squeezing household budgets, with basic goods becoming increasingly unaffordable for millions of Iranians.

What began as frustration over the cost of living has quickly grown into widespread public anger, as families struggle to keep up with soaring expenses amid a weakening rial and economic uncertainty.

These economic pressures have become the catalyst for demonstrations across major cities, marking one of the most serious waves of unrest linked directly to inflation in recent years.

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#Iran #Inflation #GlobalEconomy #MiddleEast #Protests #CurrencyCrisis #WorldNews #Ticker