Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Canadian officials and business leaders seemed relieved earlier Monday when it became clear the Trump administration wasn't going to impose 25% tariffs on Canadian goods on day 1 of its term, but anxiety returned after President Trump said from the Oval Office that the U.

Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.

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