The 25% import levy could go into place as soon as Feb. 1.

President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday remarks to the World Economic Forum in Davos. He also delivered a smattering of other misstatements and exaggerations about trade,

As Ottawa promises to retaliate against American trade tariffs, U.S. President Donald Trump has taken a new swipe at Canada.

Donald Trump, who took oath as the 47th US President on January 20, has repeatedly referred to Canada as the “51st State”. He once said he will use “economic force” and not “military force” to acquire Canada.

Speaking virtually to the World Economic Forum in Davos, Switzerland, Trump also said he will press NATO members to increase their defence spending target to five per cent of GDP.

President Donald Trump promised tax cuts for U.S.-based manufacturing and threatened tariffs on those who didn’t comply.

President Donald Trump reportedly elicited gasps from the international crowd gathered at the World Economic Forum in Davos, Switzerland, on Thursday when he suggested that Canada could become a U.S. state in order to avoid the sweeping tariffs he wants to impose.

Donald Trump for the first time used an international venue on Thursday for his eye-popping suggestion that the U.S. gain an additional state: Canada. In his first global event since becoming U.S. president earlier this week, Trump spoke by video link to the Davos economic forum in Switzerland.

U.S. President Donald Trump, speaking by video to people gathered at the World Economic Forum in Davos, Switzerland, argued that other countries, including Canada, are taking advantage of the U.S. He also repeated claims that the U.S. doesn't need anything from Canada.

Liam Mooney, founder of an Ottawa-based design firm, made a hat emblazoned with "Canada is Not for Sale" in response to Trump's tariff threats and suggestions that Canada become the 51st U.S. state.

Donald Trump addressed the World Economic Forum in Davos via video link on Thursday. The US President demanded respect from other countries, including Canada and Mexico. Trump called on OPEC to lower the price of oil and threatened companies that do not produce in the USA with tariffs.

FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.