Automaker stocks slipped on Monday following President Trump’s imposition of tariffs on goods coming from Canada and Mexico. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada,

The auto industry is staring down a crisis. Donald Trump’s sweeping new tariffs on imports from Canada, Mexico, and China threaten to upend supply chains, raise car prices, and force automakers to make difficult decisions about production.

For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs.

Automotive Parts Manufacturers’ Association president Flavio Volpe has warned the highly integrated automotive industry could grind to a halt within a week as tariffs disrupt the just-in time supply chain.

The auto industry is bracing for impact after President Donald Trump confirmed Thursday that he will impose 25% tariffs on Canada and Mexico starting Saturday.

The North American auto industry supply chain is spread across three countries. Will car parts be taxed 25% every time they cross a border?

Cars that are made in America aren't only made in America — they're made across North America. As a result, Trump's across-the-board tariffs on all trade with Mexico or Canada risks making U.S. autos much more expensive than foreign imports.

Roughly 22% of all new cars sold in the US last year were produced in Mexico or Canada. Starting February 4, Canadian and Mexican imports will be hit with hefty 25% tariffs. Some brands are already thinking about moving production to the US.

In a move that's already sending shockwaves through the auto industry, President Donald Trump has announced a 25% tariff on vehicles and parts imported from Canada and Mexico, ​which took effect February 1,

Stocks in German carmakers tumbled in early trading on Monday amid fears of a looming trade war with the US, with shares of BMW, Mercedes-Benz and Volkswagen down between 5 and 7%. Stocks in lorry makers Daimler Truck and Traton also dropped sharply,