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.

President Donald Trump confirmed Thursday that he’s planning to levy a 25% tariff on imports from Mexico and Canada starting Saturday—with broader import taxes potentially soon following—reflecting his campaign promises to implement high tariffs, against the views of many economists who believe Trump’s plan would burden everyday consumers.

The global economy is bracing for impact as US President Donald Trump's deadline to impose sweeping tariffs on the three largest US trading partners -- Canada, Mexico and China -- draws near. Trump said shortly after taking office that he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1,