President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.

President Donald Trump signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s closest neighbors and largest trading partners are letting undocumented migrants and drugs flood into the US.

Trump in response to a reporter’s question said the administration was considering imposing tariffs of 25% on imports from Mexico and Canada as soon as Feb. 1. The moves, if implemented, would kickstart a long-expected trade war between the three countries.

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.

Good morning. Trump kicks off his presidency with a barrage of executive orders. Mexico and Canada are braced for tariffs of 25%. And LA faces another week of extreme fire risk. Listen to the day’s top stories.

The U.S. dollar staged a partial rebound on Tuesday after President Donald Trump suggested the U.S. could impose tariffs on Canada and Mexico by Feb. 1, challenging suggestions that his trade policy might be more gradual.

President Trump on Monday indicated his administration would impose 25 percent tariffs on imports from Mexico and Canada beginning Feb. 1. “We are thinking in terms of 25 percent on Mexico and

President Donald Trump said Monday the U.S. may levy 25% tariffs against Mexico and Canada as early as February.

U.S. President Donald Trump on Monday said he was thinking of imposing 25% tariffs on imports from Canada and Mexico because they were allowing many people to cross the border as well as fentanyl.

As for China, the target of his first-term trade war, he warned that he might impose hefty tariffs if its government blocks a sale of TikTok, a Chinese video app facing a ban in America. And for good measure he reiterated a campaign pledge to slap tariffs of 100% on members of the BRICS group of countries,

AutoZone's CEO warned in an earnings call that American consumers will face the brunt of higher costs due to Donald Trumps proposed tariffs.