President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.

President Donald Trump told reporters hours after taking office that he was considering levying a blanket duty on Mexico and Canada on Feb. 1.

Good morning. Trump kicks off his presidency with a barrage of executive orders. Mexico and Canada are braced for tariffs of 25%. And LA faces another week of extreme fire risk. Listen to the day’s top stories.