U.S. President Donald Trump is set to impose a 25% tariff on Mexico and Canada starting February 1. This follows his earlier warning related to undocumented immigration, trade fraud, and fentanyl trafficking. Trump also mentioned plans to impose a 10% tariff on Chinese goods but did not elaborate. Despite not signing the tariff order earlier, he confirmed the move after his swearing-in. The tariffs will remain in place until these countries take action against illegal immigration and drug trafficking.