U.S. President Donald Trump has indicated that he is targeting February 1 as the date to implement a 25% tariff across the board on imports from Canada and Mexico.
Trump made the announcement during the signing of executive orders at the White House on Monday night. He linked the decision to concerns over migration issues and the cross-border movement of fentanyl.
This proposed timeline follows earlier comments from Trump administration officials, who, while speaking anonymously, hinted that the president might instead direct federal agencies to examine trade policies and practices. These reviews would focus on alleged unfair trade activities and currency issues involving Canada, Mexico, and China.
During his inauguration speech earlier on Monday, Trump did not specifically mention Canada but emphasized his commitment to reforming trade practices. He outlined plans to impose tariffs and levy taxes on foreign nations as part of his broader strategy to prioritize American workers and families.
In response to these developments, the Canadian government has prepared several contingency plans to address potential impacts if the U.S. moves forward with imposing these tariffs.
