U.S. President Donald Trump on Thursday said he would soon decide whether to exclude Canadian and Mexican oil imports from the 25% tariffs that he has vowed to impose on Saturday on the countries' products.

The president reiterated 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.