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.

Trump reiterated Thursday that tariffs are coming, even as his advisers are considering several offramps to avoid enacting universal tariffs on Mexico and Canada, people familiar with the matter say.

WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday said he would likely decide by the end of the day whether to put a 25% tariff on imports of Mexican and Canadian oil that would take effect on Feb 1. "We may or may not. We're going to make that determination probably tonight," Trump told reporters at the White House.