US President Donald Trump on January 31 said that he would impose 25 percent tariff on goods imported from Mexico and Canada and 10 percent on imports from China from February 1 onwards.

While signing executive orders at the Oval Office, Trump was asked if there was anything the nations could do to delay the tariffs. He replied, “No, no. Not right now, no.”

Trump said the oil from Canada would be charged 10 percent tariff instead of the 25 percent tariff on other goods imported from the country. He however warned that wider tariffs will be imposed on oil and natural gas later in mid-February.

Notably, Trump has been threatening tariffs on several countries since the days of his presidential campaign. He had earlier warned that the tariffs will begin from February 1, and remain applicable until the countries took steps to control the flow of migrants as well as fentanyl over the US border.

While signing executive orders at the Oval Office, Trump said he understood that the higher tariffs could lead to higher costs being passed on to consumers and disruption in the short-term.