President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation.

Shortly after last November’s election, Trump threatened China, Mexico, and Canada with 10% and 25% tariffs, respectively.

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”.