Summary
In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.
The remark elicited gasps from the audience.
Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.
He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.
Economists warn such tariffs would raise prices for U.S. consumers.
I still don’t think he realizes the tariffs he keeps threatening us with hurt his people way more…
By “his people,” you mean most voters, yeah.
But for high millionaires/billionaires, this is effectively a regressive tax that will benefit them.