What happened
President Trump again criticized Canada, repeating his claim that the United States has been losing more than $60 billion every year in trade with its northern neighbor.
He argued that businesses that were previously drawn away from the U.S. are now coming back to avoid paying tariffs, and that they are queuing up to return just like companies from the rest of the world.
Why it matters
The remarks highlight ongoing tensions in U.S.-Canada trade relations and signal that Trump continues to view tariffs as a tool to pull corporate activity and manufacturing back to the United States.
The message reinforces a protectionist narrative that trade deficits are a sign of unfair treatment, which could foreshadow further trade measures against Canada.
Key facts
Trump says the U.S. has been losing over $60 billion annually in trade with Canada for years.
He claims companies that were 'stolen' from the U.S. are now returning to avoid tariffs.
He states that these firms are lining up to come back, alongside companies from other countries.
What to watch next
Whether these comments lead to new tariff announcements or trade negotiations involving Canada.
Whether any concrete evidence of companies relocating to the U.S. to avoid tariffs emerges in the coming weeks.