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

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.

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.