President Donald Trump decided to postpone his promise of implementing a 25% tariff on all goods imported from Canada and Mexico, his latest effort to curb illegal immigration and the flow of fentanyl.

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.

Canada's outgoing prime minister and the leader of the country's oil rich province of Alberta are both confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Feb. 1.