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.

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.

Canadian Prime Minister Justin Trudeau said the bordering nation is crucial to President Trump’s “golden age” during a Tuesday press conference in Montebello, Quebec. “The president has said that he wants to usher in a golden age for the United States.