Investing.com -- Italian luxury sports car manufacturer Ferrari confirmed on Thursday that it will not alter its financial goals for the year, despite the new tariffs on auto imports introduced by the United States.

The U.S. declared on Wednesday a 25% tariff on auto imports, causing a stir in the global auto sector. This announcement was met with warnings from global vehicle suppliers about immediate price increases. There is also growing concern about potential job losses in nations with a substantial car industry.

Despite these new tariffs, Ferrari remains steadfast in its financial objectives for the year. The luxury carmaker’s decision to maintain its targets underscores its confidence in navigating the changing landscape of the auto industry.

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