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flag President Trump threatens up to 25% tariffs on Canadian goods, citing a large trade deficit.

flag US President Trump claimed at the World Economic Forum in Davos that the US does not need Canadian oil, gas, vehicles, or lumber, and threatened up to 25% tariffs on Canadian imports. flag This comes amid a reported $200-$250 billion trade deficit with Canada. flag Trump suggested the US could produce its own resources and even proposed Canada could become a US state to eliminate tariffs. flag Canadian officials are considering retaliatory measures, including a "dollar-for-dollar" response.

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