A former economic adviser to U.S. President Donald Trump says Canada should begin reviewing the North American free trade deal with the United States as soon as possible, while Trump denies he's using tariff threats to force a renegotiation.

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.

The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.

President Trump is using the threat of stiff tariffs on goods from Canada and Mexico to pressure the two nations to start renegotiating a continental trade deal.

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

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.

Former undersecretary of state says James K. Glassman writes that Trump is set to dismantle his own trade wins with the USMCA.

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.

Donald Trump grabbed onto the idea of hitting Canada with tariffs almost immediately after November's election and he hasn't let go since.

U.S. president-elect Donald Trump's pledge to hit Canada and Mexico with 25 per cent across-the-board tariffs has sent shockwaves through America's closest neighbours — but it's likely just a first step in his plan to rattle a critical trilateral trade pact.

JPMorgan believes that U.S. President Donald Trump's proposed 25% tariffs on Canada and Mexico is just a bargaining tactic to speed up the renegotiation process for the trade agreement between the three North American nations.