The Trump administration has denied requests by Tesla for tariff relief on components of its electric vehicles, and also rejected nearly 50 such requests by General Motors.

BMW recently unveiled its San Luis Potosí factory in Mexico.

Toyota told U.S. dealers that tariffs on Mexican imports could cost the automaker's major suppliers between $215 million and $1.07 billion.

President Donald Trump threatened a 5 percent tariff on all goods coming from Mexico, which would ramp up to 25 percent by October.

President Donald Trump threatened a 5-percent tariff on all goods coming from Mexico, which would ramp up to 25 percent by October.

President Trump has eliminated the United States' tariffs on steel and aluminum from Canada and Mexico.

A confidential U.S. Commerce Department report sent to Donald Trump recently is expected to clear the way for him to threaten tariffs of up to 25 percent on imported autos and auto parts.

Canada indicated on Wednesday that it will exclude imported steel and aluminum from its newest import tariffs and quotas.

Mercedes-Benz on Monday said it would offer discounts on cars imported into China from the U.S. until March 31 after Beijing suspended additional tariffs on U.S.-made cars.

According to a report from the American Journal of Transportation, several auto parts suppliers are already experiencing disruption from tariffs.