The impact isn't limited to parts - car prices themselves could also rise. Major automakers, including Ford, General Motors and Stellantis, have manufacturing plants in Mexico and Canada. Tom Maoli, a new and used car dealership owner in New Jersey, estimated that tariffs could increase vehicle prices by 5% to 15%.

President Donald Trump’s executive order imposing a 10% tariff on Chinese imports is likely to drive up the cost of generic drugs in the United States and exacerbate drug shortages, experts say.