A self-imposed Feb. 1 deadline by Donald Trump for a first round of tariffs on Canada, Mexico, and China looms in less than two days as economic observers and world leaders try to plan amid the uncertainty.

Roughly $900 billion in annual trade between Canada and the United States — and with it, traditionally chummy bilateral ties — is on the brink of upheaval, with President Donald Trump threatening to impose sweeping tariffs on Canada as early as this weekend.

President Donald Trump's commerce secretary nominee Howard Lutnick said at his U.S. Senate confirmation hearing on Wednesday (January 29) that Canada and Mexico can avoid looming tariffs if they act swiftly stop the flow of fentanyl into the U.