President Donald Trump has stated his intention to impose 25% tariffs on all goods coming from Canada and Mexico as soon as February 1st, 2025.

Amidst a flurry of executive orders President Trump promised he would sign on day one, he said the much-awaited tariffs would come in February.

We’re thinking in terms of 25% on Mexico and Canada, because they’re allowing vast numbers of people” into the U.S., Trump said Monday night, responding to questions from reporters.  Trump said he "may" impose universal tariffs.

The president said he planned to put tariffs on America’s neighbors on Feb. 1, as he signed an executive order mandating a sweeping review of U.S. trade policy.

Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Tariffs of 25 percent could hit goods from Mexico and Canada entering the U.S. as soon as next month, Donald Trump announced on Monday while signing executive orders, signaling the beginning of a potential trade war that could have major effects on the U.S. economy.

Canadian leaders relieved tariffs not imposed, but Trump threatens 25% tariff on Canada and Mexico on February 1.

Earlier in the day, cabinet ministers were careful not to declare victory after Trump was sworn into office without mentioning Canada at all, and with no sign of the punishing tariffs he's been threatening since the November election.

President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over illegal immigrants and fentanyl crossing into the U.

TORONTO (AP) — Top Canadian ministers said Monday that Canada will be ready to retaliate after President Donald Trump said he was thinking of imposing a 25% tariff on Canada and Mexico on Feb. 1. Trump has been threatening to impose sweeping tariffs on Canada, Mexico and other trading partners.

“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday from the World Economic Forum in Switzerland. “National security trumps a little bit more inflation.”

Canadian leaders expressed relief that sweeping tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency and that he did not mention America’s major trading partner