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

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

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 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.

The new wildfire grew quickly overnight and was dubbed an "immediate threat to life" by the California Fire Department. The ship became stuck on Lake Erie while departing Buffalo, New York on 22 January.

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.

"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.

Addressing World Economic Forum attendees, President Donald Trump claimed the United States doesn’t need Canada’s cars, lumber, or oil. Yahoo Finance's senior reporter Pras Subramanian appears on Market Domination Overtime to discuss Trump’s trade stance,