U.S. tariffs on Canadian and Mexican goods will hike prices of North American-produced vehicles by as much as $10,000 each, a consultant said.

President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed.

During a Tuesday press conference at his Mar-a-Lago resort, President Donald Trump said new sector-specific U.S. trade tariffs were in the works, including 25% levies on imported vehicles, pharmaceutical products and computer microchips.

Japan has raised the issue of auto tariffs with the US after President Donald Trump threatened to impose a 25% levy on car imports, a move that would likely deliver a big blow to Japan’s economy.Tokyo is closely watching any potential impact stemming from higher levies,

If you’re in the market for a new car, particularly a foreign-made vehicle, you will want to make your purchase before April to avoid paying more.

Volkswagen's Audi will expand output in North America and Mercedes will boost its U.S. production as Europe's carmakers try to protect themselves against U.S. President Donald Trump's tariff threats.

President Trump hasn't implemented most of the tariffs he's announced, but the uncertainty over when — or even if — he'll do so is already hurting the auto industry. Why it matters: It's a tumultuous time for automakers,

Are vehicles and car parts going to cost more? That’s the big question if President Donald Trump’s planned tariffs become a reality. NBC Bay Area business and tech reporter Scott Budman takes a closer look in his video report above.