The move to put 10% additional tariffs on imports from China will affect a small number of U.S. vehicles, but increased costs of auto parts could affect already heightened car prices. The biggest impact on vehicles will be on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.

Tesla shares plunged by 7%, staying at 4% early Monday morning along with other automakers stocks due to president Donald Trump implementing his tariffs.

On a sales basis, German automaker Volkswagen is the most exposed to tariff risk, followed by Nissan Motor and Stellantis, S&P Mobility reports.

President Donald Trump's move to impose or threaten massive tariffs against China, Mexico, Canada and the European Union affect about $2 trillion worth of U.S. imports and have the potential to disrupt business for major Cincinnati companies that rely on foreign goods or that sell goods overseas.