U.S. President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports,

Companies, consumers and farmers across North America braced on Friday for U.S. President Donald Trump to impose 25% tariffs on Canadian and Mexican imports within hours, moves that could disrupt nearly $1.

Trump has repeatedly vowed to impose tariffs on the United States' closest trading partners, citing concerns over drugs, immigration, and trade deficits.

White House says Trump tariffs on Canada, Mexico and China will go into effect Saturday. No word on potential exemptions

President Donald Trump warned Canada and Mexico to expect tariffs of 25% on exports to the United States starting Saturday.

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.

Trump's tariffs on Canada and Mexico could have a broad economic impact. In 2023, Canada supplied 52 percent of U.S. petroleum imports, while Mexico provided another 11 percent. Trump has hinted that crude oil might be exempt from the tariffs, stating, "Oil is going to have nothing to do with it, as far as I'm concerned."​

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.

President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he’s still considering whether to include oil from those countries as part of his import taxes. “We may or may not,

President Trump warned of new tariffs on China, Canada, and Mexico as soon as February 1. Here's where his trade plans stand as the deadline nears.

Placing blocks on Chinese trade had been Donald Trump's main trade focus in his first presidential term - but there's been a change in his approach.