President Donald Trump told reporters hours after taking office that he was considering levying a blanket duty on Mexico and Canada on Feb. 1.

As President Trump entered his second term, the trade war he started with China and which former President Biden kept in place suggests taming the deficit to

President Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

The Trump administration said on Tuesday that it was reinstating the "remain in Mexico" program, resuming an initiative that forced non-Mexican asylum seekers to wait in Mexico for the resolution of their U.

The migration of manufacturing to Mexico could undermine Trump’s promise to voters that ratcheting up tariffs on China would incentivize companies to bring production back to the U.S and give American companies a more even playing field.

President Donald Trump said Monday the U.S. may levy 25% tariffs against Mexico and Canada as early as February.

At the time of taking office on Monday, Trump had also mentioned that his team is talking of levying a 25% tariff on Mexico and China.

Trump threatened tariffs of as much as 60% on China during his campaign but has tempered his plans. Canada and Mexico are now being threatened with a 25% tariff.

President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over illegal immigrants and fentanyl crossing into the U.

China isn’t the sole target. Trump has proposed 10% tariffs on European and Asian imports and 5% on Mexican goods. The International Emergency Economic Powers Act (IEEPA) could be invoked for swift, sweeping action,