Some U.S. media reports are pointing to a potential motive, suggesting Trump's threat to hit Canada with a 25 per cent tariff is really all about our free trade agreement. Ashley Burke now with Canada's response.

Donald Trump imposed no new trade tariffs on the first day of his second term, as feared by markets, but the US president did lay out the official blueprint for an “America First Trade Policy”. A presidential memo called on federal agencies to remediate “unfair trade practices” and identify “currency manipulators”.