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

UK, Canada and Australia consider banning Elon Musk’s X over AI risks

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

Published

3 hours ago

January 12, 2026

Harvey Vargas

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

Downing Street has opened talks with Canada and Australia about a possible ban on Elon Musk’s social media platform, X. Concerns are growing over the platform’s AI tool, Grok, which could be misused to generate explicit images.

The scrutiny comes as government officials, including Sir Keir Starmer, voice serious worries about the platform’s impact and the potential for harm. Officials believe coordinated international action could send a clear message to Musk about the urgency of addressing these risks.

Ofcom is expected to release recommendations soon, potentially paving the way for regulatory action. How Musk responds could determine whether X faces restrictions in multiple countries.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#ElonMusk #SocialMediaBan #XPlatform #AIrisks #GrokAI #TechRegulation #UKPolitics #TickerNews

News

Trump weighs options as Iran protests escalate

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

Published

3 hours ago

January 12, 2026

Harvey Vargas

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

President Donald Trump is set to meet with senior US officials to discuss possible responses to the growing protests in Iran. The talks will focus on how Washington should react as unrest continues to spread across the country.

Options on the table reportedly include tougher sanctions and the possibility of military action. Secretary of State Marco Rubio and other top officials are expected to attend, as concerns mount over how US involvement could impact regional stability.

Iran has warned it will retaliate if the US intervenes, raising fears that any move by Washington could sharply escalate tensions in the Middle East.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Trump #Iran #USPolitics #MiddleEast #Geopolitics #Sanctions #WorldNews #TickerNews

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

1 day 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.