Prime Minister Justin Trudeau tells business leaders at the Canada-U.S. Economic Summit in Toronto that U.S. President Donald Trump’s threat to annex Canada 'is a real thing.'

But Trump hasn’t stopped openly musing about taking over Canada. He has said he would use “economic force” to make it happen and has repeatedly told reporters Canada can avoid sweeping tariffs if it becomes a state.

The summit aims to boost Canada’s economy, expand domestic trade, diversify export markets, and address productivity challenges. Trudeau emphasized that it would also strengthen coordination among key partners.