If they take effect, tariffs are expected to raise costs for insurers to repair or replace cars, meaning higher premiums for auto insurance.

President Donald Trump suggested imposing tariffs on auto imports, threatening to drive up the cost of cars further amid plans for tariffs on steel, aluminum, Canada, and Mexico. But economists and the insurance industry say that this will raise auto insurance costs.

The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter.

President Donald Trump said sweeping tariffs on Canada and Mexico "will go forward" when a month-long delay on their implementation expires next week.