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 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.

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,