President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.

U.S. President Donald Trump on Monday said he was thinking of imposing 25% tariffs on imports from Canada and Mexico because they were allowing many people to cross the border as well as fentanyl.

The remarks were made to members of the press as the newly minted chief executive offered a slew of executive orders.

The Sheinbaum administration is gathering data to argue against tariffs, emphasizing their potential to harm U.S. economic growth and inflation.

President Claudia Sheinbaum expressed her disagreement to the “unilateral deportations” of Mexican nationals living in the U.S. and Trump's “Remain in Mexico” policy.

The rush of moves are meant to secure aid for migrants who are facing US President-elect Donald Trump’s promise to carry out “the largest deportation operation” in the nation’s history. The Mexican president’s efforts have taken off in the days and weeks since Trump threatened to impose economically debilitating tariffs on his southern neighbor — the flow of migrants being a bargaining chip,