President Donald Trump warned Canada and Mexico to expect tariffs of 25% on exports to the United States starting Saturday. Speaking to reporters in the Oval Office on Thursday, Trump said he was following through on his campaign threat to impose border taxes on America's neighbors immediately to the north and south of the continental United States over inflows of illegal migrants and drugs and large trade deficits.

President Trump renewed his threat to impose 25% tariffs on imports from Mexico and Canada as early as this weekend. The move could raise prices on everything from gasoline to guacamole.

The president claims that the two countries have not stopped drugs and migrants crossing their borders into the US, and is irked by the significant trade deficit with both