U.S. President Donald Trump said on Friday he expects his administration to impose tariffs related to oil and gas around Feb. 18 and it could lower levies on some Canadian crude.
He did not name a specific country to which the new tariffs would apply or specify any more details about the plans.
"We're going to put tariffs on oil and gas," Trump told reporters in the White House's Oval Office. "That'll happen fairly soon, I think around the 18th of February."
Asked if tomorrow's tariffs would be inclusive of Canadian crude, Trump said: "I'm probably going to reduce the tariff a little bit on that. We think we're going to bring it down to 10% for the oil."
