“We’re going to be demanding respect from other nations … Canada has been very tough to deal with over the years,” he told the World Economic Forum in Davos on Thursday, appearing via video conference before an audience of the world’s most powerful business and political leaders.
“We don’t need them to make our cars, and they make a lot of them. We don’t need their lumber because we have our own forests,” he continued. “We don’t need their oil and gas, we have more than anybody.”
Trump also reiterated his suggestion that Canada could become part of the U.S., calling it an escape route from the sweeping 25 per cent tariffs he said he could impose by Feb. 1. That threat has loomed large over the Canadian business and political classes for months. Ottawa has warned Trump that if he follows through, Canada’s response will be sharp.
Canada supplies the lion’s share of the United States’ crude oil imports – more than the rest of the world combined. In 2023, 60 per cent of the crude oil imported to the United States came from north of the border, according to the Government of Canada. As for natural gas, Canada provided 99 per cent of the U.S.’s imported supply that year.
The Canadian Vehicle Manufacturers Association calculated that 92 per cent of Canada’s motor vehicle exports went to the U.S. in 2022. Moreover, the parts that make up those cars may cross Canadian-U.S.-Mexican borders as many as eight times before final assembly.
Also in 2022, Canada’s total forestry exports were valued at $45.6 billion, with the majority destined for the United States, according to Statistics Canada.
Some $3.6 billion in goods cross the border every day, according to the Canadian Chamber of Commerce. The U.S.-Canada trade relationship is directly related to 3.7 million jobs between the two countries.
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