The Trump administration is threatening a 25% tariff on all imports from Canada and Mexico as soon as Saturday — a move that would almost immediately impact car dealerships and factories in the United States.

President Donald Trump, in his first two days in office, ramped up threats to impose a 25% tariff on all imports from Canada and Mexico. “I think we will do it February 1,” Trump told reporters. If Trump enacts the tariffs, car shoppers should expect dramatic, immediate changes.

President Trump suggested a 25 percent tariff on Canada and Mexico, which could greatly impact the many popular vehicles built in those countries.

Trump has shown a willingness to move swiftly on tariffs in recent days without allowing for drawn-out talks. On Sunday, Trump announced—and then backed off—a threat to impose

U.S. President Donald Trump has threatened to put tariffs on all Canadian imports as soon as Feb. 1. Canada's automotive sector is especially nervous, as it employs around 120,000 people and exports tens of billions of dollars in vehicles and parts to the U.