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.

Outgoing Canadian Prime Minister Justin Trudeau says prices for Americans will go up if President Donald Trump follows through with his vow to apply sweeping tariffs on Canadian products.

Canadian Prime Minister Justin Trudeau warned U.S. President Donald Trump that his renewed pledge to impose a 25% tariff on all Canadian imports risks derailing his effort to usher in a “golden age” for America,