S&P Global Mobility released its study on the impact the tariff war will have on autos. The chance of bad-to-dire consequences is a 70% probability.

Beyond new vehicle costs, the impact will ripple through the broader automotive market. The cost of vehicle repairs will rise as the price of imported parts climbs. In turn, we’ll see much higher vehicle insurance premiums, given that repair costs are a major factor in determining rates.

Automotive intelligence firm S&P Global Mobility is predicting that if President Donald Trump's proposed tariffs lead to a trade war, there's a 50 percent chance that the auto industry could enter a long period of disruption.