Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the wake of U.S. threats to impose tariffs, Prime Minister Justin Trudeau said on Wednesday.

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.