U.S. President-elect Donald Trump's plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors , and raise prices of SUVs and pickup trucks for U.

President-elect Donald Trump will waste little time in making good on his campaign promise, pledging to impose levies on Mexico and Canada on his first day back in the White House.

Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners.

General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,

The president-elect announced on Monday that he intends to impose a 25 percent tariff on goods from Canada and Mexico.

Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there.

Donald Trump's pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods,

President-elect Donald Trump said he will impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office.