When the cost of repairing and replacing vehicles increases, these costs trickle down to insurance companies, who pass them on to policyholders. President-elect Trump has indicated that this tariff could be placed on all goods entering the U.S. from Mexico and Canada, impacting auto insurance costs in a few ways:

President-elect Donald Trump says U.S. Steel will thrive under his plan to impose tariffs on other nations, putting his imprint on the debate around whether a Japanese firm should have acquired it.