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.

There is no question that tariffs will increase the input costs of key components in housing like flooring, millwork, and cabinetry.”

President Donald Trump’s proposed 25% tariff on imported aluminum and steel, even from allies like Canada and Mexico, who supply the majority of U.S. metal imports, would directly increase the cost of home building if they go into effect as planned on March 12, experts say.