President Trump’s tariffs are hitting the auto industry in multiple ways, creating havoc for both car companies and buyers trying to assess the impact.

President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions” and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization” of the US car fleet.

Get on the Hutchinson River Parkway and you'll see a showroom of foreign cars, from Volkswagen to Porsche. Will tariffs make auto costs higher?

Though Trump’s new “reciprocal” tariffs targeted mostly countries in Europe, Asia and elsewhere around the world, Canadian auto imports into the United States were set to be hit with punishing 25-per-cent tariffs set to kick in after midnight Thursday morning.

A weak currency could offset some of the tariff impact from President Trump’s 25% duty on imported cars, said David Paterson, the representative in Washington D.C. for the Canadian province of Ontario.

The Senate vote came after Trump implemented 10% across-the-board tariffs on imports and additional reciprocal tariffs on goods from 60 countries.

Hours before U.S. President Donald Trump unveiled a sweeping new tariff plan against global allies, Conservative Leader Pierre Poilievre outlined his most detailed and combative plan to date in response to the American economic threat that has also rattled his campaign hopes.

Canadian Prime Minister Mark Carney gave a speech on Thursday following the implementation of U.S. President Donald Trump's reciprocal tariffs and an additional 25% auto tariff on Canada. The recently-elected Prime Minister declared that Canada is implementing 25% tariffs on all vehicles and non-Canadian vehicle content imported from the U.