Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump's tariffs.

Ford Motor has announced a price increase on several models produced in Mexico, attributing the hike to the recent US tariffs, reported Reuters. The affected vehicles include the Mustang Mach-E electric SUV,

Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,