U.S. President Donald Trump on Thursday said he would soon decide whether to exclude Canadian and Mexican oil imports from the 25% tariffs that he has vowed to impose on Saturday on the countries' products.

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.

United States President Donald Trump has reiterated his threat to impose 25 percent tariffs on Canada and Mexico from Saturday while leaving open the possibility that oil imports could be exempted. Speaking to reporters at the White House on Thursday, Trump said he “may or may not” exclude oil from the tariffs and would decide “probably tonight”.