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.

Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Prime Minister Justin Trudeau will meet with his cabinet on Tuesday, a day after U.S. President Donald Trump took office and renewed his threat to impose 25 per cent tariffs on all Canadian goods. Trump told reporters on Monday evening that he will levy the tariffs on Canada for allowing “vast numbers of people to come in and fentanyl to come in,