U.S. President Donald Trump's recent announcement to levy 25 percent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States,

The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.

President Trump's newly announced 25% import tariffs on foreign cars will increase vehicle prices by thousands of dollars, experts say, but Tesla is likely to fare better than other carmakers.