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 suggested imposing tariffs on auto imports, threatening to drive up the cost of cars further amid plans for tariffs on steel, aluminum, Canada, and Mexico. But economists and the insurance industry say that this will raise auto insurance costs.

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.

Asian countries are among the most vulnerable to President Trump’s economic grievances. But they are also best placed to make deals to minimize their exposure.

The Trump administration has urged Mexico to impose tariffs on Chinese imports as part of ongoing trade negotiations. The pressure comes as the US government threatens to impose 25% tariffs on North American trade partners,