Trump announced he will discuss duties with the leaders of Mexico and Canada on Feb. 3

U.S. President Donald Trump said on February 2 that he will discuss his decision to impose duties on goods from Mexico and Canada with the countries' leaders on Monday, February 3.

"I will be talking to [Canadian Prime Minister Justin] Trudeau and Mexico tomorrow morning," he said during a briefing broadcast by Fox News.

As Trump pointed out, the president does not expect anything "dramatic" from the upcoming contacts. Also, he said, duties on goods from the European Union (EU) could be introduced in the near future.

"I wouldn't say there's any timeline, but it's going to happen pretty soon," Trump said.

How high is the threat of a trade war between the US, EU and China. Parsing

Earlier on Feb. 1, Trump signed an executive order imposing trade tariffs of 25 percent on goods from Canada, China and Mexico. Then he also promised to impose duties on goods from the EU.

On February 2, Canadian Prime Minister Justin Trudeau announced that the country was imposing duties of 25% on U.S. goods totaling $155 billion in response to the U.S. He accused the U.S. leader of violating the free trade agreement between the United States and Canada by imposing import duties.

Also, Mexican President Claudia Sheinbaum instructed to implement a plan to impose retaliatory duties against the US to protect the country's interests. She stressed that the Mexican authorities "categorically reject the White House's slander against the Mexican government about ties to criminal organizations." According to her, Mexico does not want confrontation, because if the United States is interested in fighting the spread of fentanyl, it needs to work together with its neighbors in a comprehensive way.

In addition, a representative of the Chinese embassy in Washington said that by unilaterally raising tariffs on imports of Chinese goods, the United States violates the rules of the World Trade Organization (WTO). He also called the additional tariffs unconstructive and noted that they could harm bilateral cooperation in the field of counter-narcotics.

Meanwhile, Chinese economist Andrew Leung told Izvestia that the tariffs imposed by Trump on imports of goods from China and Mexico will lead to an increase in consumer prices in the United States itself.