There is a reason investors are worried about how automakers would be affected by steep tariffs on Canadian and Mexican imports. Of the top five automakers producing cars and trucks in North America,

Imported cars and trucks are likely to get more expensive with Trump's proposed tariffs, and both consumers and manufacturers risk ending up on the losing side.

Donald Trump's pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods,