Trump pledged in his inaugural address that tariffs would be coming in a speech in which he promised a golden era for America. He later said Canada and Mexico could be hit with the tariffs as soon as Feb. 1, though he signed an executive order requesting a report coordinated by the Secretary of Commerce by April. 1.

The President has proposed imposing 25% tariffs on Mexico and Canada starting February 1st. During an Oval Office address this week, Trump cited concerns about border issues and drug trafficking.