KEY TAKEAWAYS President Donald Trump said he would go ahead with plans to impose 25% tariffs on imports from the U.S.'s two largest trading partners, Canada and Mexico, on Saturday.Trump said Thursday that the tariffs are aimed at getting Ottawa and Mexico City to stem the flow of drugs and migrants into the U.

With a decision on oil imminent, the U.S. President repeated his three reasons for imposing tariffs: illegal migration, fentanyl smuggling across the border and imbalances on trade

The global economy is bracing for impact as US President Donald Trump's deadline to impose sweeping tariffs on the three largest US trading partners -- Canada, Mexico and China -- draws near. Trump said shortly after taking office that he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1,