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 is hiking the sticker prices for the three US models it imports from Mexico by up to $2,000 each, just days after executives said they didn’t expect significant increases in industrywide car prices this year.