Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.

Trump pledged in his inaugural address that tariffs would be coming in a speech in which he promised a golden era for America. He later said Canada and Mexico could be hit with the tariffs as soon as Feb. 1, though he signed an executive order requesting a report coordinated by the Secretary of Commerce by April. 1.

Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government is ready to respond to all scenarios if U.S. President Donald Trump imposes tariffs on Canada.

Canadian Prime Minister Justin Trudeau said the bordering nation is crucial to President Trump’s “golden age” during a Tuesday press conference in Montebello, Quebec. “The

Top Canadian ministers say Canada will be ready to retaliate after President Donald Trump said he was thinking of imposing a 25% tariff on Canada and Mexico on Feb. 1

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% tariff on Canada and Mexico on Feb.

Prime Minister Justin Trudeau said Tuesday Canada will hit back at the U.S. if President Donald Trump goes ahead with punishing tariffs on Feb. 1, promising this country will respond in kind with "robust,

Canadian Prime Minister Justin Trudeau has recently made it clear that Canada is willing to stand up against President Donald Trump’s import tariffs. Trump is yet to fulfill his threat of imposing steep tariffs against Canada and Mexico.