President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed.

The performance of car stocks just hasn’t lined up with the threat of new tariffs. There are a couple of reasons for that, but investors should consider whether a change is coming as President Donald Trump’s threat likely becomes a reality in a few weeks.