US President Donald Trump has said he will follow through with his threat to hit imports from Canada and Mexico with 25% border taxes, known as tariffs, on 1 February. But he added that a decision about whether this would include oil from those countries has not yet been made.

President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation.

US President Donald Trump has announced plans to impose a 25 per cent tariff on Canada and Mexico citing reasons such as illegal immigration, drug smuggling, and the subsidization through deficits. Trump is also considering similar measures against China due to the fentanyl crisis impacting the US.