President Donald Trump said Monday he may impose 25 percent tariffs on Canada and Mexico as early as February 1, while promising punitive measures on other countries as part of new US trade policy.
Trump rekindled his threat against the two major US trading partners hours after taking the oath of office — accusing them of failing to stop illegal immigration and drug trafficking into the United States.
“We’re thinking in terms of 25 percent on Mexico and Canada, because they’re allowing vast numbers of people — Canada’s a very bad abuser also — vast numbers of people to come in, and fentanyl to come in,” he said in the Oval Office as he signed an array of executive orders.
He added that he was thinking of enacting the tariffs on February 1.
Trump also signed an order Monday directing agencies to study a host of trade issues including deficits, unfair practices and…
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