Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, January 13th. I'm Julie Morgan. Canada is gearing up for a Trump trade fight.

Tesla loses a big investor, and the Nippon Steel-U-S steel deal just got a little more time.

Canadian Prime Minister Justin Trudeau said Canada will respond with counter-tariffs

if the President-elect follows through on his threat to impose tariffs on all Canadian imports.

In an interview on MSNBC's Inside with Jen Saki,

the outgoing leader said even though his government did not want a trade fight with the incoming

Trump administration, it will have to retaliate if the tariffs materialize. Trudeau confirmed

that Trump floated the idea of making Canada the 51st U.S. state during their

meeting at Mar-a-Lago, labeling it a distraction for more pressing issues.

Trump, who is preparing to assume office for a second time, has said that he would slap a 25%

tariff on imports from Canada and Mexico until the countries crack down on illegal immigration

and drug smuggling. According to a congressional report, the U.S. and Canada have one of the largest

bilateral commercial relationships in the world, including a highly integrated energy and

automotive market. U.S. Commerce Department export data shows that Canada buys more

U.S. made goods than any other country, with America exporting goods worth about $322 billion

to its northern neighbor in the first 11 months of last year.

Dutch Civil Service Pension Fund, ABP, sold its entire stake in Tesla over dissatisfaction

with the CEO's pay package.

According to a Dutch newspaper, Europe's largest pension fund divested its 2.8 million shares

in Tesla because it was unhappy with Elon Musk's $56 billion remuneration package and poor

working conditions at the company. The report added that ABP emphasized that the decision was not

...