the World Economic Forum, President Donald Trump stated that the US doesn't need Canadian energy, vehicles, or lumber, reiterating his threat of imposing tariffs on Canadian imports—potentially up to 25% by February 1.

Trump suggested Canada could avoid tariffs by "becoming a state," sparking gasps in the Davos audience. The threat has caused unease in Canada, which exports 75% of its goods to the US. Canadian leaders, including Prime Minister Justin Trudeau, have vowed a "dollar-for-dollar" countermeasure if tariffs are enacted, while pitching Canada as a secure and reliable trading partner.