U.S. tariffs on Canadian and Mexican goods will hike prices of North American-produced vehicles by as much as $10,000 each, a consultant said.

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.

Are vehicles and car parts going to cost more? That’s the big question if President Donald Trump’s planned tariffs become a reality. NBC Bay Area business and tech reporter Scott Budman takes a closer look in his video report above.