Canada's dollar and Mexico's peso were edging higher on Friday, having dropped Thursday after President Donald Trump signaled he planned to impose tariffs on imports from the two countries. Trump told reporters he would follow through with a plan to impose levies on goods from the U.

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.

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.