President Donald Trump said Monday he planned to put a 25% tariff on imports from Canada and Mexico by Feb. 1, but held off on previous pledges of across-the-board tariffs and even higher ones on China.

Earlier in the day, cabinet ministers were careful not to declare victory after Trump was sworn into office without mentioning Canada at all, and with no sign of the punishing tariffs he's been threatening since the November election.

Toronto: Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency, but Trump later said he could impose a 25 per cent tariff on Canada and Mexico on February 1.