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.

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,