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.

Ferrari RACE.MI 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.

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