President Donald Trump’s auto tariffs went into effect Thursday. The 25% tariffs apply to imported cars to the U.S. and Trump also plans to extend the tariffs to cover car parts, which likely will increase the cost of repairs and insurance. These tariffs are also expected to extend to applicable auto parts in the coming weeks, through May 3.

Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided.

"Mercedes-Benz continues to seek sales growth for its highly desirable vehicles," the company said in a statement to Reuters.

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,

U.S. President Donald Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.

When the Trump auto tariffs take effect on April 2, prices for cars from both foreign and domestic automakers — as well as for repairs — will likely rise.

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that’s nearly impossible.