U.S. President Donald Trump has announced that he is considering imposing a sweeping 25% tariff on imports from Canada and Mexico, with February 1 set as the potential implementation date.
During a signing ceremony for executive orders at the White House on Monday night, Trump linked the proposed tariffs to ongoing concerns about migration and the flow of fentanyl across the borders.
This announcement follows reports from anonymous Trump officials suggesting that the president would issue a memorandum directing federal agencies to investigate trade practices, including allegations of unfair trade and currency manipulation by Canada, Mexico, and China.
While Trump’s inauguration speech earlier that day did not specifically mention Canada, he emphasized his commitment to overhauling the trade system to safeguard American workers and families. He reiterated his intention to impose tariffs and tax foreign nations to benefit American citizens.
The federal government is reportedly preparing several strategies to respond if Trump goes forward with the tariff implementation.
This report by The Canadian Press was initially published on January 20, 2025.
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