If enacted, a 25% tariff on all auto parts from Canada or Mexico will add $2,100 in cost to the consumer for each U.S. assembly vehicle, according to Wells Fargo estimates. As for

The president-elect will waste little time in making good on his campaign promise, pledging to impose 25% levies on Mexico and Canada on his first day back in the White House.

General Motors Company ($GM), and Stellantis N.V. ($STLA) — slid during mid-day trading Tuesday after President-elect Donald Trump announced plans to impose a 25% tariff on all imports from Canada and Mexico.