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

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.

Experts say opening up Canada's dairy sector and other protected markets to American firms can have positive effects on the country — and could be crucial to avoiding a trade war

"Shark Tank" star Kevin O'Leary explains President Donald Trump's "tariff signal" to world economic leaders on "The Story."

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.

Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.

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,