Trump Says 25% Tariffs on Canada and Mexico Coming Feb. 1
Executive Orders Include Opening Arctic National Wildlife Refuge to Oil Drilling, Easing Regulatory Burdens on Oil and Natural Gas Production
President Donald Trump signs executive orders in the Oval Office on Jan. 20. (Evan Vucci/AP)
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WASHINGTON — President Donald Trump said Jan. 20 that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
Trump made the announcement in response to reporters’ questions while signing executive actions in the Oval Office on his first day back in the White House.
Trump threatened tariffs of as much as 60% on China during his campaign, but appeared to temper his plans after a phone call last week with Chinese President Xi Jinping. He said Jan. 20 there would be more discussions with his counterpart in the world’s second largest economy.
“We’re going to have meetings and calls with President Xi,” Trump said.
Trump is placing a big bet that his executive actions can cut energy prices and tame inflation and that the tariffs will strengthen the economy instead of exposing consumers to higher prices. But it’s unclear whether his orders will be enough to foster the growing economy with lower prices that he promised voters.
President Trump is delivering results from Day One—and he’s just getting started!
🇺🇸 42 Executive Orders, Memoranda, & Proclamations
🇺🇸 115 Personnel Actions
🇺🇸 Over 200 Executive Actions
🇺🇸 60 Minutes of Press Q&APromises Made, PROMISES KEPT. pic.twitter.com/jpRF390zgA — The White House (@WhiteHouse) January 21, 2025
Trump specifically …
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