Tariffs implemented by the Trump administration may boost prices and reduce vehicle production, an analyst for S&P Global Mobility said Tuesday.

Many in the industry feel that the levies could still be called off. Virtually everyone is hoping that, if enacted, the tariffs will be short-lived. Regardless, uncertainty has already taken its toll.

While the temporary reprieve from tariffs on Canadian and Mexican imports came as a relief for the auto industry, a large cloud of uncertainty still hovers over automakers and suppliers struggling to get a read on what long-term U.

Auto industry analysts say it would take automakers years of sustained spending and construction that would cost tens of billions of dollars to replicate the production capacity needed to supply North America in addition to entirely rebuilding their supply chains.

The auto industry is experiencing a temporary reprieve after President Donald Trump announced a delay in imposing tariffs on Mexico and Canada until April 2. Th

Automotive experts believe the added costs of President Trump's tariffs will be passed on to the consumer, and the auto industry could see the biggest price shock of any goods coming from Canada, Mexico and China.

President Donald Trump this week imposed new 25% tariffs on a host of products coming in from Canada and Mexico. On Wednesday, the president amended that order by announcing a month delay for those tariffs on automakers who import cars from Canada and Mexico.