Tariffs beginning on Saturday

“Trump suggested he intends to go ahead with his plan to hit both Canada and Mexico with crippling 25 per cent tariffs on goods coming from those countries.

"Those tariffs may or may not rise with time," Trump said.

When asked if the tariffs would include oil exports, the president said he would likely be deciding later Thursday night.”

Does anybody know how we will be locally affected by this? Not too sure how concerned I should be…