U.S. President Donald Trump announced that his administration will impose 25% tariffs on imports from Mexico and Canada, effective February 1.
Trump made the statement when asked about tariffs on the two countries during the signing of executive orders.
In response to the question, Trump stated that he and his administration are considering 25% tariffs on Mexico and Canada “because they allow large numbers of people to cross the border and bring in fentanyl.”
“I think we’ll do it on February 1,” he added when asked about the timeline.
During his campaign, Trump had pledged to impose 60% tariffs on Chinese goods and 25% tariffs on all goods from Canada and Mexico.
