Donald Trump Warns of Potential 25% Tariffs on Canadian Goods Starting February 1

Trump Eyes February 1 for 25% Tariffs on Canada and Mexico, Sparking Economic Concerns

U.S. President Donald Trump indicated Monday night that February 1 could be the date he imposes 25% across-the-board tariffs on imports from Canada and Mexico. Speaking to reporters at the White House after signing unrelated executive orders, Trump justified the move by accusing both countries of allowing illegal immigration and the flow of fentanyl into the United States.

“We are thinking in terms of 25% on Mexico and Canada because they are allowing vast numbers of people—Canada is a very bad abuser also—vast numbers of people and fentanyl to come in,” Trump said.

This proposed action follows earlier reports that administration officials, speaking anonymously, suggested Trump might limit his action to signing a memorandum instructing federal agencies to study trade issues, including alleged unfair practices by Canada, Mexico, and China.

Trump also floated the idea of a universal tariff on all countries but admitted that such measures are not imminent. “We’re not ready for that yet,” he stated. “Essentially all countries take advantage of the U.S.”

Focus on Immigration and Trade Overhaul

During his speech at the Capitol Rotunda on Monday, Trump focused heavily on immigration issues at the Mexican border and mentioned ongoing legal challenges against him and his allies. He reiterated his intention to revamp the trade system to prioritize American workers.

“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Trump said during his inaugural address.

Canadian Officials Warn Against Complacency

Canadian officials welcomed the omission of tariff threats in Trump’s inaugural speech and Monday’s policy priorities released by the White House. However, they cautioned against complacency.

“It’s always good news when you’re not mentioned, so I prefer that,” said Liberal MP John McKay, co-chair of the Canada-U.S. interparliamentary group. Speaking at the Canadian Embassy in Washington, McKay highlighted the need for Ottawa to counter misinformation about trade practices.

Trade Minister Mary Ng reassured Canadians, emphasizing a “Team Canada” approach to advocating for the mutual benefits of trade with the U.S. “We are ready and we are prepared,” Ng said.

Alberta Sees Energy Collaboration Potential

Alberta Premier Danielle Smith identified an opportunity for Canada in Trump’s vow to declare a “national energy emergency” to reduce fuel prices and bolster energy exports. Smith proposed a partnership with the U.S. to ensure stable oil and gas prices while enabling the U.S. to focus on its energy goals.

“If their asks are reasonable, then let’s meet them halfway,” Smith said.

Trudeau Congratulates Trump

Prime Minister Justin Trudeau congratulated Trump on his inauguration in a statement, emphasizing collaboration to address issues like border security and drug trafficking. “We are strongest when we work together,” Trudeau wrote, expressing optimism about fostering prosperity for both nations while protecting Canadian interests.

Mixed Reactions from the Public

Trump’s inaugural celebrations drew supporters who lauded his promises of smaller government and protectionist trade policies. “We’re getting rid of the corruption. We’re getting rid of the baloney,” said Kenneth Johnson, a visitor from Nevada.

However, the tone differed sharply from Trump’s 2017 inauguration, remembered for its grim portrayal of “American carnage” and controversies over crowd sizes.

As Canada braces for potential economic fallout, federal and provincial officials continue efforts to address U.S. concerns and avert punitive trade measures.