A new car would cost about $5,790 more if President Donald Trump's plans for 25% tariffs on Mexico and Canada go into effect, according to an estimate from Benchmark. Benchmark found that more than 22% of finished cars and about 40% of auto parts come to America from the two trading partners.

World leaders from Canada to Europe to India reacted to President Donald Trump’s 25 percent tariff on all steel and aluminum imports that he says will take effect March 12 “without exceptions or exemptions.

"It's clear to us that just the threat of tariffs are having impacts here in Canada, and they are already driving up costs for US consumers if tariffs actually show up and come in