Washington, Jan 31 (AP) President Donald Trump said his 25 per cent 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,” Trump told reporters Thursday in the Oval Office about tariffing oil from Canada and Mexico. “We're going to make that determination probably tonight.” Trump said his decision will be based on whether the price of oil charged by the two trading partners is fair, although the basis of his threatened tariffs pertains to stopping illegal immigration and the smuggling of chemicals used for fentanyl.

The United States imported almost 4.6 million barrels of oil daily from Canada in October and 563,000 barrels from Mexico, according to the Energy Information Administration. US daily production during that month averaged nearly 13.5 million barrels a day.

But Trump showed no concerns that import taxes on the United States' trading partners would have a negative impact on the US economy, despite the risk shown in many economic analyses of higher prices.

“We don't need the products that they have," Trump said. "We have all the oil you need. We have all the trees you need, meaning the lumber.” The president also said that China would pay tariffs for its exporting of the chemicals used to make fentanyl. He has previously stated a 10 per cent tariff that would be on top of other import taxes charged on products from China. (AP) GRS GRS

Import tariffs on trading partners could extend to oil, tied to immigration enforcement and fentanyl control measures. The executive announced imminent imposition of import tariffs on Canada and Mexico and is deciding whether to include oil, tying the measure to deterrence of illegal immigration and to preventing smuggling of chemicals used to make fentanyl; a similar tariff approach toward Chinese fentanyl precursor exports was mentioned, framed as an exercise of executive discretion and justified by claims of domestic sufficiency.