Trump Hints at Potential 25 Percent Tariffs on Canada and Mexico starting February 1

January 20, 2025 TruthUSA

President Donald Trump says he is looking at Feb.1 as the day he plans to slap Canada and Mexico with 25 percent across-the-board tariffs.

Trump made the statement while signing executive orders at the White House Monday night, citing the migration of people and fentanyl crossing the borders.

The date comes after Trump officials, speaking anonymously, suggested to reporters that the Republican president would only sign a memorandum telling federal agencies to study trade issues, including alleged unfair trade and currency practices by Canada, Mexico, and China.

In his inauguration speech earlier Monday, Trump did not mention Canada but said he was going to overhaul the trade system to protect American workers and families.

He said he was going to impose tariffs and tax foreign countries to enrich American citizens.

The federal government has several plans ready to deploy in the event Trump moves ahead with imposing tariffs.