United States President Donald Trump told journalists on Thursday that his administration will impose 25% tariffs on imports from Mexico and Canada.The announcement came just days after the White House suggested that new trade restrictions were under consideration. The tariffs are set to take effect on February 1. The president also said he will decide tonight on tariffs for oil imports from Mexico and Canada. Both Mexico and Canada have announced retaliatory measures in case the US imposes such tariffs. Nevertheless, Mexican President Claudia Sheinbaum revealed this week that she does not believe the US will impose tariffs on her country.