Some millionaires and billionaires are waiting for more favorable tariffs, says Lamborghini CEO Stephan Winkelmann. For some reason they are millionaire or billionaires.
The rates imposed by Donald Trump on the general areas of the economy in most countries in the world are preventing Even the richest buyers to acquire your usual toys.
This is the case of Lamborghini customers, who are postponing purchases at a time of uncertainty about tariffs and how they will affect automobile prices, the iconic supercar brand CEO told the CEO, Stephan Winkelmann.
“For some reason they are millionaires or billionaires; they know what they are doing and why they are doing things,” explains the executive.
Since President Trump launched new tariffs, European car manufacturers have been paying 27.5 % over exports to the US. Recent negotiations decreased rates to 15 % for certain goods, but it is unclear If and when this will include cars.
“Some are waiting because they want to be sure what the final rate will be in place,” explains Winkelmann. According to the general director brand Italian supercarros, the Lamborghini cannot be produced in the USAsince the brand has an essential assumption: the “Made in Italy” label.
The price of a new Lamborghini starts at 200,000 euros for the Urus SUV, the company’s cheapest model, and can reach over 500,000 euros for a luxury model.
The US and the European Union took the first step to formalizing their trade agreement on Thursday, publicizing a picture that eventually paves the way for a legally binding agreementexplains the.
For now, European car manufacturers will have to deal with a higher rate of 27.5 %. This is an import rate that will not be reduced Until the EU downloads some tariffs on US industrial and agricultural goods.
Until June, about 22 % of tariff costs had been passed For American consumers, according to an analysis by Goldman Sachs quoted by. However, this value will rise for 67 % If the tariffs follow the same course as previous years.
Many Americans are already seeing higher prices in supermarkets. Liqueurs and witty drinks, bakery, coffee, fish and beer products are the five main food imports that will be subject to price increases.
Increased costs appears at a time when the US reached 4.2 %, the highest level since October 2021.
