The Trump administration is threatening a 25% tariff on all imports from Canada and Mexico as soon as Saturday — a move that would almost immediately impact car dealerships and factories in the United States.

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.

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.

The new administration is preparing to bypass Congress and unilaterally increase the 2.5% duty levied on most new light-duty vehicles imported into the United States.

President Trump's plan to impose tariffs on foreign cars by Apr. 2 could have a significant impact on the U.S. auto industry, but key details remain unclear.

A nother day, another tariff threat from President Donald Trump. As if the U.S. auto industry isn't shaken up enough by Trump's rapidly changing and hard-to-follow executive order

So, at the very least, imported parts wouldn't be subject to it, keeping those costs down. Trump's 25 percent tariffs on Canada and Mexico will raise prices on new vehicles and parts all over the auto industry.