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.

President Donald Trump said Monday he planned to put a 25% tariff on imports from Canada and Mexico by Feb. 1, but held off on previous pledges of across-the-board tariffs and even higher ones on China.

Toronto: Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency, but Trump later said he could impose a 25 per cent tariff on Canada and Mexico on February 1.