President Trump is poised to implement tariffs on imports from China, Canada, and Mexico as early as February 1, 2023, with a proposed 10% rate for China and 25% for the other two countries. This follows a federal review of trade policy, with experts noting that the president can act swiftly under the International Emergency Economic Powers Act. Once signed, U.S. Customs could begin collecting tariffs within days, although challenges to the tariffs could arise from affected importers, potentially delaying relief. Exemption processes may also be available for certain products, but would require demonstrable need.

Source: https://www.supplychaindive.com/news/president-trump-tariffs-feb-1-executive-order/738739/