President Donald Trump announced that a 25% tariff on imports from Canada and Mexico will take effect this Saturday, though he is still deciding whether to include oil from these countries.

Axar.az, citing NBC, reports that his decision, expected soon, will be based on whether their oil prices are "fair," despite his tariffs originally being aimed at curbing illegal immigration and fentanyl-related chemical smuggling.

Trump’s tariff plan could drive up gasoline prices, contradicting his campaign promise to halve energy costs within a year. Experts warn that the move would hurt American consumers and businesses by increasing costs. The U.S. currently imports nearly 4.6 million barrels of oil daily from Canada and 563,000 from Mexico.

Despite economic concerns, Trump insists the U.S. is self-sufficient in oil and other resources. He also reiterated plans to impose new tariffs on China, particularly targeting chemicals used in fentanyl production.

Additionally, Trump threatened 100% tariffs on countries supporting alternatives to the U.S. dollar, targeting the BRICS group (Brazil, Russia, India, China, South Africa, and others). He warned that any effort to create a new global currency to challenge the dollar would result in economic penalties.