China's imports of rapeseed from Canada, which had been surging since June, plunged in December after Beijing opened an anti-dumping investigation into the oilseed, Chinese customs data showed on Monday.

President Donald Trump said Monday the U.S. may levy 25% tariffs against Mexico and Canada as early as February.

Trump in response to a reporter’s question said the administration was considering imposing tariffs of 25% on imports from Mexico and Canada as soon as Feb. 1. The moves, if implemented, would kickstart a long-expected trade war between the three countries.

Canada wants its allies to explore a pricing floor for critical minerals to address what it views as market interference from China, the dominant supplier of metals key to the energy transition.

Nicholas Burns, the U.S. ambassador to China, also said he was leaving his post with deep concerns about the future of relations with China.

On his first day in office, Trump reiterated his promise to tariff and tax foreign countries, but did not officially impose any.

The remarks were made to members of the press as the newly minted chief executive offered a slew of executive orders.

Canadian leaders expressed relief that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency.

President Donald Trump returned from a campaign-style rally at a Washington, D.C., arena to the White House to sign more executive orders, including a sweeping one that pardoned those convicted of storming the Capitol on Jan. 6, 2021.

Trump says he could impose 25% tariffs on Canada and Mexico starting on Feb. 1, but doesn't give date on China tariffs.