President Donald Trump affirmed on Thursday that imports from U.S. allies Mexico and Canada will be hit with a 25% tariff starting on Saturday. Speaking to the press from the Oval Office, Trump said that his administration will follow through in announcing tariffs on America’s neighboring countries for “a number of reasons”—chiefly among them being an alleged influx of migrants at the U.

President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. Trump also said he'll "probably” decide on Thursday night whether to include oil from those countries as part of his import taxes.

WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday said he would likely decide by the end of the day whether to put a 25% tariff on imports of Mexican and Canadian oil that would take effect on Feb 1. "We may or may not. We're going to make that determination probably tonight," Trump told reporters at the White House.

U.S. President Donald Trump has pledged to place 25% tariffs on imports from Mexico and Canada from Feb. 1 if the two countries are not judged to be doing enough to stop the flow of fentanyl into the United States.

President Trump on Thursday said he plans to follow through on Saturday on his threat to impose 25 percent tariffs on goods from Mexico and Canada. “We’ll be announcing the tariffs on Canada

We don’t need the products that they have. We have all the oil that you need. We have all the trees you need,” he said.

Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada,

U.S. President Donald Trump's press secretary says the plan to slap Canada with punishing tariffs on Saturday is still in play.